Bitcoin Market Shows Resilience Amidst Recent Downturn

Despite recent price fluctuations, Bitcoin continues to exhibit resilience. Data from BlockBeats reveals that prominent whales maintained a consistent buying pattern during the October 6-11 decline. This strategy, known as ‘buying the dip’, has minimized psychological impact on major holders, contrasting with previous market events like April and August of this year. Continued influx of large capital is increasing the Bitcoin market’s maturity, leading to a less panicked reaction to sudden shifts in price.