After the serious decline in the crypto money markets last weekend, the leading cryptocurrency Bitcoin fell to the level of $ 42,000.
After the sharp and sudden decline in Bitcoin and cryptocurrencies, many investors suffered great losses. However, some investors got out of the loss psychology and turned the decline in Bitcoin and other cryptocurrencies into opportunities.
Whales, who took advantage of the decline in the markets, continued to make Bitcoin purchases. In particular, El Salvador, which accepts Bitcoin as a legal currency, stated that he bought BTC in these drops.
The person who did not remain silent about the sharp fall over the weekend and is known as the third largest Bitcoin whale also seems to have evaluated this fall.
CryptoQuant analyst VentureFounder announced on his Twitter post that the mysterious BTC whale in question had purchased 2,702 BTC (approximately $140 million) at an average price of $50,621, with Bitcoin rising to the $50,000 level.
VentureFounder also stated that this whale has accumulated 5,624 Bitcoins, worth $290 million at today’s prices, since November 22.
You already bought 8,117 #BTC in the low $50k since the November correction, BTC dumped <$50k suddenly, what do you do?
the 3rd largest #Bitcoin whale wallet: BUY 2,702 more BTC in one day.
this #whale wallet added 2,702 $BTC today at $50.6k for a whopping total of $136.7M USD. pic.twitter.com/BlbcgpKbrR
— venturefoundΞr (@venturefounder) December 7, 2021
It is not investment advice.