Reports according to cointelegraph suggest that the present drop in the price of Bitcoin is attributed to the deposit of large amount of Bitcoin to exchange sites by Whales.
Just as we know , when supply exceeds demand , the price is greatly affected .
I believe the whales wants to withdraw their Bitcoin to fiat currency in order to gain much profit with the present rise in Bitcoin price.
Just as we know , when supply exceeds demand , the price is greatly affected .
I believe the whales wants to withdraw their Bitcoin to fiat currency in order to gain much profit with the present rise in Bitcoin price.