Bitcoin exchange outflows spike on Iran war: here’s what the whales are buying instead

Description

Nansen’s research analyst points out that exchange outflows likely mean investors are buying the dip. Israel’s war with Iran has triggered a significant dip in the price of Bitcoin (BTC) . However, Nicolai Søndergaard, Research Analyst at Nansen, explains that many investors appear to be buying the dip. In a statement shared with crypto.news on Monday, June 23, Søndergaard also revealed what the whales are accumulating. “We are seeing exchange outflows so it is likely that people, regardless of ...