Bitcoin Market Shows Resilience Amid Recent Downturn

According to BlockBeats, on-chain data analyst Murphy has observed that during the decline from October 6 to 11, Bitcoin whales continued to increase their holdings, demonstrating a clear 'buy the dip' strategy. Despite the sharp drop on October 11, the psychological impact on major holders was less severe compared to macroeconomic events in April this year and August last year. As large capital continues to enter the market, the overall Bitcoin market is becoming more mature, reacting to sudden events with less panic and herd behavior. During the recent rapid decline, the pace of capital outflow was more moderate than in previous instances, leading to a minor bullish divergence in the 'price and capital increment gradient' indicator source: https://www.binance.com/en/square/post/30948977826186?utm_source=BinanceNewsRSS