Two days ago, one of the largest bitcoin whales bought 321 bitcoins.
Then the same address bought another amount, this time 408 BTC.
Thus, this whale’s total bitcoin stock grew to more than 112,000 bitcoins.
One of the biggest bitcoin whales buys $170 million in bitcoin in two weeks
Yesterday, one of the biggest bitcoin whales bought the dip by accumulating 321 bitcoins at an average price of $40,500.
Meaning, this whale’s recent bitcoin purchase is $1,000 more than the daily low of around $39,600.
It seems that this whale’s appetite only increased with the rebound of Bitcoin in the following hours.
The data indicates that this whale made another big purchase hours later.
This time, the mysterious whale added 408 bitcoins.
From a dollar perspective, this purchase was worth just under $18 million.
As such, the total holdings of this single address increased to 112,202.59 BTC.
Taking into account today’s bitcoin prices, this means that the value of bitcoin stored in this whale is worth $5 billion.
It should be noted that this particular whale was among the most active in terms of buying and selling depending on Bitcoin price movements.
In April 2021, when the cryptocurrency soared above $60,000, this whale sold large chunks of Bitcoin.
Once the coin sank and fell below $30,000, this whale resumed buying.
This whale has bought nearly $170 million in bitcoin since dropping from $53,000 to just under $40,000.
CryptoQuant analysts noted that the latest purchase is the seventh since the days when Bitcoin was above $50,000.