80K LFG BTC was snapped up by those w 10-100BTC (Patreon)
Published:
2022-05-30 16:30:31
Imported:
2022-06
Content
During the LUNA triggered sell-off in early May, a total of 80,081 $BTC were liquidated by the Luna Foundation Guard. Interestingly, the volume of supply held by entities < 100 $BTC has since increased by 80,724 $BTC in almost the same window of time.
I estimate these are families or family offices or high net worth individuals that have at least $100 million net worth and they're allocating 1 to 2% to bitcoin. What a score!