{"id":43008,"date":"2021-05-24T10:49:22","date_gmt":"2021-05-24T07:49:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43008"},"modified":"2025-08-31T01:43:37","modified_gmt":"2025-08-30T22:43:37","slug":"opinion-whales-bought-nearly-122600-btc-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opinion-whales-bought-nearly-122600-btc-amid-market-downturn\/","title":{"rendered":"Opinion: Whales bought nearly 122,600 BTC amid market downturn"},"content":{"rendered":"

During the market drop on May 19<\/a>, holders of Bitcoin addresses with balances from 10,000 to 100,000 BTC increased their positions by 122,588 BTC. Anthony Pompliano, co-founder of Morgan Creek Digital, came to this conclusion<\/a> on the basis of Glassnode data.<\/p>\n

The whale activity was most visible in the United States. The expert pointed to a $3,000 premium on Coinbase relative to other crypto exchanges during the rebound.<\/p>\n

\n
\"Opinion:
Data: The Pomp Letter<\/a>.<\/figcaption><\/figure>\n<\/div>\n

Pompliano provided data on flows on OTC platforms used by institutional clients. They reflected a sharp uptick in inflows.<\/p>\n

\"Opinion:
Data: The Pomp Letter<\/a>.<\/figcaption><\/figure>\n

The Morgan Creek Digital head did not rule out the formation of a short squeeze given persistent negative funding rates on the Bitcoin perpetual market.<\/p>\n

\n
\"Opinion:
Data: The Pomp Letter<\/a>.<\/figcaption><\/figure>\n<\/div>\n

Asked by Bloomberg, major crypto funds MVPQ Capital, ByteTree Asset Management and Three Arrows Capital confirmed Pompliano’s hypothesis about purchases amid the market’s sharp drawdown.<\/p>\n

\n

“Every time we see a mass liquidation, it’s a chance to buy”<\/em>, said Kyle Davis, co-founder of Three Arrows Capital.<\/p>\n<\/blockquote>\n

Earlier, famed American investor Bill Miller did not see reason for concern<\/a> about the current decline in Bitcoin’s price.<\/p>\n

In a new report acknowledged cryptocurrencies as an asset class<\/a> a year after suggesting the opposite.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

During the May 19 market drop, holders of Bitcoin addresses with balances between 10,000 and 100,000 BTC increased their holdings by 122,588 BTC. Anthony Pompliano, co-founder of Morgan Creek Digital, arrived at this conclusion based on Glassnode data.<\/p>\n","protected":false},"author":1,"featured_media":43009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1509,480,1156,1138],"class_list":["post-43008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anthony-pompliano","tag-bitcoin-price","tag-institutional-investors-and-whales","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43008"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43008\/revisions"}],"predecessor-version":[{"id":43010,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43008\/revisions\/43010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43009"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}