One of the richest non-exchange crypto wallets based on current downtrend Bitcoin (BTC) continues to accumulate.
The third-placed wallet in terms of Bitcoin ownership (exchange wallets are in the top two) has bought an average of 3015 BTC over the past three weeks.
While the world’s richest over-the-counter wallet held 124,052 BTC at the beginning of May, this number has continued to increase over the past three weeks, reaching a total of 127,067 BTC.
At the time of writing, the last purchase of your wallet was on Wednesday, and 1200 BTC was purchased in this purchase. The same wallet bought 1000 BTC each on May 3 and May 7. The wallet also made variable purchases between 16 BTC and 553 BTC.
The number of sales made by the wallet owner in May was recorded as only one. During this sale, 1500 BTC was left from the wallet, but in general, it can be clearly seen that the address continues to buy. The average cost of purchases made by the wallet address in May was measured as $90.6 million.
bitcoin price At the time of reporting, it was trading around $29,000.
According to crypto tracking platform IntoTheBlock, Bitcoin whales continued to accumulate even during the downturn. When examined in more detail, the total number of assets owned by whales with assets between 1000 and 10,000 BTC was measured as 5,185 million on May 8, today this number is around 5,202 million.
IntoTheBlockAccording to , 51% of existing investors were still in a position to make a profit, while 46% were in a position to make a loss.
Do you think Bitcoin (BTC) whales will continue to accumulate or will they take their chance once again and stop saving until the positive mood appears in the markets? Another possible scenario would be for profit-making whales to sell, but this possibility is not covered much in the press and in the community.
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.