This largest BTC whale has accumulated over 2700 coins in one day, and the price of cryptocurrency has skyrocketed to over $50000. In the past two weeks, this mysterious entity has purchased over 5600 BTCs
This largest BTC whale has accumulated over 2700 coins in one day, and the price of cryptocurrency has skyrocketed to over $50000. In the past two weeks, this mysterious entity has purchased over 5600 BTCs.
CryptoPotato often reports the behavior of this particular whale, which tends to sell when the price of cryptocurrency has recently fallen, and accumulates again when it cools down.
In the past few days, BTC has plummeted from $58000 to a low of $42000 on Saturday, cooling off continuously.
However, the whale remained relatively silent during this crash and did not purchase anything, at least in this known wallet.
However, as BTC began to recover and recover $50000 earlier today, the entity began to accumulate funds. They purchased 2702 coins at an average price of $50621, which means they spent nearly $140 million.
CryptoQuant analyst VentureFounder pointed out that since November 22nd, whales have accumulated 5624 bitcoins, valued at $290 million at today's prices.
In addition, VentureFounder added that this is "the highest number of Bitcoin held in the official wallet in history: 118017," as the whale has already spent approximately $2.5 billion.
The last record was in July last year, when the asset had dropped to around $30000, below $30000# Bitcoin hits $28000 per coin upwards#
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