The third largest Bitcoin whale bought $37.5 million worth of BTC. After being inactive for several weeks, a BTC whale has purchased a substantial amount (596 BTC) from cryptocurrency exchange Coinbase. Detail cryptocoin.com‘in.
Bitcoin whale bought
According to data from sources, one of the biggest BTC whales resurfaced yesterday, buying more than 596 BTC. He bought it at a price of $62,934 per bitcoin. BTC whale is a term used to denote heavy investors who buy Bitcoin in bulk. These whales have enough cryptocurrency to have the potential to manipulate cryptocurrency valuations. It is stated that the purchase was made by the whale after showing no signs of transaction for the past few weeks. Initially, the whale reportedly made multiple purchases in the past, including selling 500 BTC in August and then trading 321 BTC in September.
The third largest Bitcoin whale is back on the market. This unnamed whale reportedly bought and sold large amounts of cryptocurrencies when the Bitcoin price crossed $60,000. When the whale later lost half of its value, it began to accumulate assets again. Recently, the whale sold some $56,000 worth of BTC before buying it at a higher price this month. Whales are known to study crypto volatility patterns and make deals accordingly to generate maximum income through crypto trading. The current Bitcoin rally, which saw asset prices rise from $40,000 to a staggering $67,000 at the end of September, is also accredited to these whales, who act as one of the leading market drivers among others to help the asset break its previous set.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.