The largest cryptocurrency holders increased their bitcoin holdings by more than $ 3 billion over the past day

Over the past day, bitcoin whales have increased their cryptocurrency holdings by $ 3.12 billion, expecting the flagship cryptocurrency to grow in the future.

While some digital asset holders are trying to sell their crypto savings for fear of being left «with nothing,» experienced investors are actively buying cryptocurrency. Thus, immediately after the Fed announced a 75 basis point increase in interest rates, bitcoin whales began to actively increase their holdings. Many of them managed to buy BTC at the lowest price of $ 18,500 (the rate has now recovered and bitcoin is trading at $ 19,232).

Also, according to the Whale Alert cryptocurrency tracker, an unknown whale withdrew more than $ 1.02 billion in cryptocurrencies from the Huobi exchange this morning. The owner of the cryptocurrency wallet made several transactions in bitcoin and ether, as well as Huobi Token (HT).

It’s worth noting that $ 18,500 is not the lowest possible value of the BTC in the current environment. Just a few days ago, cryptocurrency analyst Rekt Capital predicted that bitcoin would update its historical low. According to the expert, BTC has every chance of falling below $ 15,000, which will significantly affect the state of the entire cryptocurrency market.