With Bitcoin Price Falling…Third Largest Bitcoin Whale Adds $13 Million worth of (BTC)


0

[ad_1]

With the rapid decline in the price of Bitcoin, the third largest Bitcoin address began accumulating Bitcoin at a discount again.

One of the biggest bitcoin whales bought over 200 bitcoins at $62,000 shortly after selling 1,500 bitcoins at $67,500.

Today’s purchase comes amid a massive correction in the price of the first cryptocurrency.

A CryptoQuant analyst named VentureFounder explained on Twitter that an anonymous Bitcoin whale has started collecting Bitcoin again.

The entity behind this wallet has been very active in responding to the recent bitcoin price movements.

Earlier this month, this whale sold 1,500 bitcoins at $67,500.

When the asset began to recover in the following days, the same whale bought 1,123 Bitcoin on November 12 at an average price of just under $64,200.

Earlier today, the same whale made another purchase, this time 207 Bitcoin at $62,000 for $12.8 million.

Currently and at the time of publishing this article, this whale owns 108,528 bitcoins (at least at this address), which means it has an unrealized gain of $4.7 billion, according to VentureFounder.

Currently this wallet is under supervision if it will continue to buy or not.

The price of Bitcoin has continued to fall since the last purchase.

Bitcoin (BTC) fell below $60,000 for the first time since late October, but soon recovered and rose above $60,000 again.

Read also:

Are the bitcoin bears back? Can Bitcoin dive below $60,000?

Deputy Governor of the Bank of England: Cryptocurrencies pose an imminent threat to financial stability

Advertisements

[ad_2]

Advertisements

Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
NP

0 Comments

Your email address will not be published.