Big losses across the board as Bitcoin February buyers may have capitulated this week.
, LFG was down over $240 million on its BTC stash at the time of writing, this not including the week's latest purchase., Terra and its co-founder Do Kwon remain committed to buying unlimited amounts of BTC to back their U.S. dollar stablecoin, TerraUSD .that whales were responsible for keeping BTC/USD at $36,000.
Exchange inflows, it revealed on the day, had involved coins dormant for maximum three months, and thus likely to be owned by more speculative investors. Three months ago, around the start of February, was when BTC/USD had begun rising rapidly after putting in its $32,000 lows. As such, those investors would have hit breakeven point this week."According to CryptoQuant data, the decline in the past two days may be dominated by short-term holders. On the 5th and 6th, a total of 11.
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