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