The third-largest Bitcoin whale has returned to buy another 551 BTC for an average of $45,219
While the recent plunge has put the crypto community in a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought into the drop, stacking 121,000 BTC. At the time of writing, Bitcoin price is changing hands at $41,736.
BTC/USD 4-hour chart | Source: TradingView
3rd largest Bitcoin whale swallows another $24M worth of BTC during the dip
On January 4th, the whale’s address added another 372 Bitcoins. The amount was purchased for $17,122,242.1 at the time.
This is the sequel to an even bigger purchase than the day before when he bought 456 BTC at an average price of $46,363.
Bitcoin price fell below $43k on January 5, along with stocks. This has pushed market sentiment to lows not seen since July. The whale reacted with another Bitcoin purchase at the time, absorbing another 172 coins for $7,793,488.82. That’s an average of $43 539 per coin.
With over 121,396.57 Bitcoins, this whale’s fortune is on par with the infamous Microstrategy. According to a tweet from Michael Saylor on December 30, his company now owns 124,391 BTC.
According to online chain analyst Will Clemente, the Bitcoin market is more driven by such whale activity than it was this time last year.
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