Ever since the beginning of February 22, 2021, Bitcoin (BTC) prices had been struggling to keep up and gain on their all-time high prices. After hitting an all-time high of $59k per BTC back on February 21, BTC prices took a plunge and went all the way down to $40k per BTC.
Since then, BTC had been struggling to make it back into the $50k per BTC league but found it very difficult at the start. While the small-time investors were worried about their investments in Bitcoin (BTC) following the price dip, the institutional investors and whales have made the most out of it.
It has been revealed that during the price dip of Bitcoin (BTC), the majority of the bitcoin (BTC) whales and institutional investors went for the dip buys. As a result, they purchase huge lots of bitcoin (BTC), taking full advantage of the situation.
Recently, the on-chain data analyzing firms have collected and shared the data they observed in regards to bitcoin (BTC) buys from different exchanges. The report data for the report was collected and shared by the firms on Tuesday, March 9, 2021.
The data analysis firms have revealed that they have observed that the orders being placed for bitcoin (BTC) equal $100,000 per order. However, there is bitcoin (BTC) orders on major cryptocurrency exchanges that are even exceeding these figures.
The firms have revealed that cryptocurrency exchanges such as Binance, Coinbase, and Huobi are all experiencing bitcoin (BTC) orders that are more than $100,000.
However, Binance has reported that the order volumes for bitcoin (BTC) on its platform are extremely high. The firm has confirmed that the current order volumes it is experiencing for bitcoin (BTC) are all-time highs for the exchange.
In contrast to the higher buying orders for bitcoin (BTC), the orders for less than $100,000 are less than the all-time high orders. The crypto-exchanges are also confirming that the buyers with orders worth more than $100,000 have increased significantly.
The total number of buyers placing bitcoin (BTC) buying orders worth more than $100k is constantly increasing and is currently residing at all-time highs.
It has also been revealed that in the year 2021, bitcoin (BTC) has managed to run on a new course. The year 2021 has started for bitcoin (BTC) with a mainstream institutional bullish run where different corporations have started acquiring BTC in masses.
As a result, the small investment amounts surrounding bitcoin (BTC) buys have dropped significantly in the year 2021. This is mainly because the institutional investments have now started investing in bitcoin (BTC) on a very large scale.
The data shows that majority of the institutional firms are now investing between $100k and $1000k in order to acquire bitcoin (BTC).