While the crypto market is in a recovery trend, the world’s richest over-the-counter stock market Bitcoin (BTC) whale adds more of its flagship crypto asset. The $3,910,000,000 Bitcoin whale is entering a massive BTC accumulation mode amid the crypto bounce.
With the price of Bitcoin currently hovering above $31,000, the massive wallet has added 806 BTC to its holdings in the past seven days.
This huge wallet; Following the Binance and Bitfinex crypto exchanges, the BTC whale, which holds the most Bitcoin, has made the following purchases, according to data from the crypto tracking platform BitInfoCharts:
- 86 BTC worth $2.47 million on May 27
- 481 BTC worth $14.15 million on May 26
- 77 BTC worth $2.28 million on May 25
- 162 BTC worth $4.72 million on May 24
In total, the world’s largest BTC whale has spent more than $23.6 million, accumulating 806 BTC. At the time of writing, the whale’s BTC stack is worth more than $25.4 million.
Before the total purchase of 806 BTC last week, the whale had added a net of 3,315 Bitcoins ($104 million) in the first three weeks of May. The richest over-the-counter Bitcoin wallet made a net purchase of 3,821 BTC ($120 million) during the month of May.
Santiment detects an increase in BTC whale transactions
Last week, popular crypto insight firm Santiment reported that the number of addresses holding between 100 and 1,000 BTC has increased. revealed.
“While Bitcoin continues to stagnate at $29,600, the amount of key whale addresses (holding 100 to 1,000 BTC) continues to increase after the massive drop from late January. We have observed a correlation between price and the number of addresses in this layer before.”
According to Santiment, the number of Bitcoin whale addresses has recovered from a low recorded in January this year.
Bitcoin is trading at $31,623 at the time of writing, which represents an increase of over 17 percent from the two-week low reached last week.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.