investors May Be Buying Bitcoin Dip Amid Israel-Iran Conflict
Bitcoin (BTC) prices have fallen due to the war between Israel and Iran. But some investors see this as a buying possibility. Nicolai Søndergaard, a Research Analyst at Nansen, shared this insight with crypto.news on June 23.
Søndergaard noted that money is moving out of exchanges. This suggests that both retail and institutional investors are purchasing during the downturn. “We’re seeing exchange outflows, indicating people are likely buying the dip,” he said. He added that global disruptions often cause short-term price drops, which usually recover later.
The U.S. has joined the conflict, and the market’s response is similar to past events. The rebound’s strength will depend on the conflict’s severity. However, smart money is still optimistic. “Smart money seems to be betting on a better outcome than expected,” he explained.
Despite the dip,memecoins are attracting attention. Nansen’s data shows that whales are investing in memecoins. The top earners in the past week, with at least a 50% win rate, have exposure to memecoins. The biggest winner made all their profits from memecoins, achieving a 2,829% ROI with a 196% net profit, mostly from the USELESS memecoin token. “Regardless, smart money is going a bit more risk-off,” he said, based on their platform’s analytics.
Memecoins are recovering, with tokens like SPX6900, Fartcoin, and Mog coin saw gains of 20%, 17%, and 22%, respectively. The top 10 memecoins by market cap saw double-digit gains on June 23. SPX6900, Fartcoin, and Mog Coin showed significant gains. Yet,these gains didn’t cover their weekly losses.
Whales are accumulating these coins. The top earner made all their profits from memecoins. The top 10 memecoins by market cap saw double-digit gains. Still, weekly losses persist. The situation’s outcome remains uncertain. But the trend indicates a potential rebound. For more details,check Messari’s data. “Whales are buying memecoins despite the Bitcoin dip,” he revealed. The top memecoins are recovering.SPX6900, Fartcoin, and Mog Coin are up 20%, 17%, and 22%, respectively. “The rebound will depend on what happens next,” Søndergaard noted. “People are betting on a better outcome,” he added.
- Whales are buying memecoins.
- Smart money is betting on a positive outcome.
- Memecoins are recovering, with USELESS leading the pack.
For now, the situation is unfolding similarly to previous global disruptions. The conflict’s severity will influence the rebound. The top memecoins are recovering, but weekly losses remain. The situation’s outcome will depend on the conflict’s severity. The top memecoins are recovering, with USELESS leading the charge. The top 10 memecoins saw gains, but weekly losses persist.
memecoins are recovering, with USELESS leading the charge.The top memecoins are recovering, but weekly losses are still present.
Whales are betting on a better future. The top memecoins are recovering, but weekly losses are still present.
