According to @Andre_Dragosch, sovereign nation states are buying the BTC dip, citing an X post from Bitcoin Office of El Salvador that asserts government dip-buying; source: twitter.com/Andre_Dragosch/status/1990576766436716683 and x.com/bitcoinofficesv/status/1990572960386896235. The posts provide no transaction sizes, wallet addresses, or timestamps, so the claim is not independently verified and traders should wait for on-chain confirmation from official sovereign wallets before positioning; source: twitter.com/Andre_Dragosch/status/1990576766436716683 and x.com/bitcoinofficesv/status/1990572960386896235.

According to @simplykashif, wallets holding 10K–100K BTC accumulated nearly 88,000 BTC following the recent price drop, indicating active whale buying; source: X post by @simplykashif on Nov 12, 2025.