In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.
Pazar içgörü sağlayıcısı Glassnode açıkladı:
“During the LUNA triggered sell-off in early May, a total of 80,081 BTC were liquidated by the Luna Foundation Guard. Interestingly, the supply volume held by entities < 100 BTC has since increased by 80,724 BTC. This shows a transfer from LFG to <100 BTC holders.”
Kaynak: GlassnodeWhen things started going haywire in the Terra network, the LFG decided to sell its Bitcoin reserves to try and stop the collapse of the LUNA and UST tokens earlier last month.
However, this decision came a little too late because the damage had already been done, according to Binance CEO Changpeng Zhao (CZ).
CZ had previously yorumladı:
“Terra ekibi sabitlemeyi yeniden sağlamak için rezervlerini kullanmakta yavaş davrandı. Eğer rezervlerini de-peg %5'teyken kullanmış olsalardı tüm olay önlenebilirdi. Coinlerin değeri zaten %99 (veya 80 milyar dolar) düştükten sonra, kurtarma için 3 milyar dolar kullanmaya çalıştılar. Tabii ki bu işe yaramadı."
Therefore, Glassnode statistics show that the Bitcoin reserves exchanged hands from the LFG to entities with less than 100 BTC.
Does the accumulation phase back?
The accumulation phase in the BTC seems to be back based on various indicators. Ki Young Ju, CryptoQuant CEO, işaret:
“The last Bitcoin accumulation phase was in mid-2020, lasting for 6 months. As of May 2022,, it’s pretty obvious that BTC is in an accumulation phase for me. Institutions that drove the 2021 bull-run also bought in this $25-30K range.”
Market insight provider On-Chain College echoed similar sentiments and belirtilen:
“Bitcoin has entered the heavy accumulation zone (white), which shows us that larger entities (or a large % of the network) are accumulating.”
Kaynak: GlassnodeWith accumulation being a bullish sign as more coins are bought, it remains to be seen how Bitcoin plays out.
Görüntü kaynağı: Shutterstock
Source: https://blockchain.news/news/entities-holding-less-than-100-btc-are-the-best-survivors-amid-lunas-liquidation