Interpretation of the movements of whales Bitcoin (BTC) There have always been interesting indicators when evaluating price performance. However, a cryptocurrency whale’s movement managed to arouse particular interest from investors.
Whale Buys Whatever The Price Of Bitcoin
According to screenshots shared by Twitter users, a cryptocurrency whale caught the attention of the crypto community by buying $1 million worth of Bitcoin every day, regardless of the price that day.
The screenshot in question shows the whale’s purchases since February 22, 2022. The whale, which had 8,652 BTC in its hands on the date in question, has 9,779 BTC in its hands as of April 7th.
In addition, let us remind you that the whale buys its coins from an extremely wide price range of $ 35,000 to $ 47,000. However, the whale has recently increased its daily investment amount to 1.2 million dollars.
The dollar value of the whale’s assets increased from $326 million to $426 million. This corresponds to an increase of 30.67%.
Have Whales Entered Re-Acceptance Mode?
Similarly, another whale has been detected that has been buying Bitcoin daily since early March. This whale buys 500 to 1000 BTC every day. With these acquisitions, the whale investor increased its assets from a total of 36 million dollars to 434 million dollars.
When we look at the total amount of BTC in the exchanges, it is seen that this rate is decreasing day by day. From this data, it is understood that especially whales pull their BTC to their cold wallets in order not to sell them.
*Not investment advice.