This is how whales and small investors reacted to the crash

The market seems to have weathered Monday's flash crash. Even today, the prices of Bitcoin, Ethereum and other crypto are more friendly than two days ago. Now new data from IntoTheBlock shows how whales and other investors behaved during the correction.

Bitcoin whales with assets between 1,000 and 10,000 BTC, in particular, remained optimistic during the selling wave and continued to build their holdings. Investors with assets of less than 1 BTC fared differently. These investors were more inclined to sell their Bitcoin.

Bitcoin Spot ETFs also had many investors uncertain about the market situation. On both Monday and Tuesday, there were large outflows at the index funds (168.4 and 148.6 million US dollars, respectively). For ETF expert Eric Balchunas, however, this is no cause for concern. The outflows made up only 0.3 percent of Asset under Management (AuM).

Overall, Bitcoin has since recovered somewhat from Monday's price shock. BTC is trading at $57,474 at the time of writing - a plus of 4.3 percent in 24 hours.