![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Chandan-BTC-1200x686.webp\")
\n\t\t\t\t\t\t<\/p>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Vivaan-Acharya-80x80.jpg\")
<\/p>\n
Journalist<\/p>\n<\/p><\/div>\n
Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- Amid the ongoing price correction, whales and institutions have moved Bitcoin worth hundreds of millions<\/span><\/em><\/li>\n
- A crypto whale bought the dip, adding 550 BTC worth $38.68 million<\/span><\/em><\/li>\n<\/ul>\n
After a notable rally, Bitcoin (BTC)<\/a>, the world\u2019s largest cryptocurrency by market cap, registered a major price correction on the charts. Between 26 \u2013 29 October, the cryptocurrency attracted significant attention owing to its 11% price rally. However, this wasn\u2019t to last.\u00a0<\/span><\/p>\nBitcoins Will Bitcoin\u2019s price correction continue?<\/h2>\n
Right now, investors and traders should understand that a price correction after a notable rally is a positive sign for the long term. Especially since it can support a potential price surge in the long term.\u00a0<\/span><\/p>\nHence, such a price correction may have been expected by some too. In the backdrop of the aforementioned correction, some whales and institutions have also moved assets worth hundreds of millions.<\/span><\/p>\nBitcoins Whales\u2019 and institutions\u2019 recent action<\/h2>\n
According to the blockchain-based transaction tracker Lookonchain, during the morning hours of the Asian trading session, Mt. Gox\u2019s wallet, which holds nearly 45,000 BTC worth $3.11 billion, transferred 500 BTC worth approximately $35.04 million.<\/span><\/p>\n\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-25.png\")
<\/a><\/p>\nSource: X<\/p>\n<\/div>\n
Additionally, another whale bought the dip, adding 550 BTC worth $38.68 million as the price declined to its crucial support level.<\/span><\/p>\n\n
- \n
- Amid the ongoing price correction, whales and institutions have moved Bitcoin worth hundreds of millions<\/span><\/em><\/li>\n
- A crypto whale bought the dip, adding 550 BTC worth $38.68 million<\/span><\/em><\/li>\n<\/ul>\n
After a notable rally, Bitcoin (BTC)<\/a>, the world\u2019s largest cryptocurrency by market cap, registered a major price correction on the charts. Between 26 \u2013 29 October, the cryptocurrency attracted significant attention owing to its 11% price rally. However, this wasn\u2019t to last.\u00a0<\/span><\/p>\n
Bitcoins Will Bitcoin\u2019s price correction continue?<\/h2>\n
Right now, investors and traders should understand that a price correction after a notable rally is a positive sign for the long term. Especially since it can support a potential price surge in the long term.\u00a0<\/span><\/p>\n
Hence, such a price correction may have been expected by some too. In the backdrop of the aforementioned correction, some whales and institutions have also moved assets worth hundreds of millions.<\/span><\/p>\n
Bitcoins Whales\u2019 and institutions\u2019 recent action<\/h2>\n
According to the blockchain-based transaction tracker Lookonchain, during the morning hours of the Asian trading session, Mt. Gox\u2019s wallet, which holds nearly 45,000 BTC worth $3.11 billion, transferred 500 BTC worth approximately $35.04 million.<\/span><\/p>\n
\n<\/a><\/p>\nSource: X<\/p>\n<\/div>\n
Additionally, another whale bought the dip, adding 550 BTC worth $38.68 million as the price declined to its crucial support level.<\/span><\/p>\n
\n - A crypto whale bought the dip, adding 550 BTC worth $38.68 million<\/span><\/em><\/li>\n<\/ul>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-26.png\")
<\/a><\/p>\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/BTCUSDT_2024-11-01_14-28-22-e1730451561976.png\")
<\/a><\/p>\n