Big Investors Accumulating Bitcoin – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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Big Money Making Moves

On-chain data has started to show that large-pocketed investors have begun to aggressively accumulate bitcoin.

OTC Desk Outflows

Looking at the seven-day moving average of OTC Desk Outflows, over the course of 2021 there has been a pretty strong correlation between spikes in outflows and local bitcoin bottoms. This can be attributed to the fact that institutions and big money do not like buying an asset that is being heavily bid, as these players may even be able to move the market themselves if they are impatient.

Thus, when the price falls meaningfully, these players rush in to accumulate at a discount. That is exactly what we have seen over the last week, and the price has responded with eight straight days of higher closes.

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