Glassnode chart shared by the Moskovski Capital CIO shows that whales have deposited an eye-popping 2.37 billion USDT to crypto exchanges to buy the dip while Bitcoin is trading below $49,500 after the pullback.
According to Glassnode analytics, financial institutions and other whales have transferred an eye-twitching amount of USDT to digital exchanges to catch Bitcoin while it has fallen down below the $50,000 line.