Express

Whale Bought 6,665 BTC On Dips In Two Weeks, Valued At Over $370 Million

Mary Liu

Summary: CryptoQuant analyst VentureFounder found the third-largest Bitcoin "whale" recently bought Bitcoin on dips.  According to VentureFounder's tweet, since November 12th, as the price of Bitcoin has fallen, the address has made eight consecutive purchases. The first time was 1,123 BTC with a price of around $64K/coin, and the last purchase was 616 BTC on November ...

CryptoQuant analyst VentureFounder found the third-largest Bitcoin "whale" recently bought Bitcoin on dips. 

According to VentureFounder's tweet, since November 12th, as the price of Bitcoin has fallen, the address has made eight consecutive purchases. The first time was 1,123 BTC with a price of around $64K/coin, and the last purchase was 616 BTC on November 23, the price was approximately 57.4K per coin. 

In total, the giant whale has accumulated a total of 6,665 BTC in less than two weeks, which is worth over $370 million at today's price. 

According to VentureFounder, the amount of the wallet is the highest balance since July 2021 (Bitcoin is around $30K). Although this may be a cold wallet like Robinhood, the transaction volume and model do not seem to support this, because it implements a multi-strategy of buying on dips, and the long-term accumulation trend is clear.

By Mary Liu

Last Update:

Tags: ,
Link: Whale Bought 6,665 BTC On Dips In Two Weeks, Valued At Over $370 Million   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.