‘Bitcoin whale’ wakes up after 3 years, massively buying goods

Tram Ho

According to the statistics list of BitInfoCharts, a series of wallets trading around the top 100 people who own the most Bitcoin have just moved to buy more of this digital currency. Specifically, the trading wallet of the group of users ranked 89-106 (except for the 90th user) in terms of the amount of Bitcoin in the world has accumulated an additional 28,377 Bitcoins worth $841.85 million in the period from July 17 to 18. .

BitInfoCharts also adds that all of the above Bitcoin addresses are unknown.

All 17 wallets mentioned above held exactly 8,000 BTC before accumulating more last week. Four wallets received additional Bitcoin on July 18. Four other addresses collected Bitcoin at the same time on July 17, and three more wallets purchased more BTC at the same time later on the same day.

Wallets ranked 95 to 102 all accumulated exactly 1,661 Bitcoins, while three other wallets added 1,693 Bitcoins and three more accumulated 1,639 Bitcoins.

Cá voi Bitcoin thức giấc sau 3 năm, gom hàng ồ ạt - Ảnh 1.

The uniformity of purchases, plus the fact that each wallet has been inactive for the same fairly long period of time suggests that the whale addresses appear to be the same unique entity – despite this has not been determined.

At the time of this writing, the wallets listed above hold a total of 164,337 Bitcoins, worth nearly $5 billion. This is much larger than the largest publicly held Bitcoin in MicroStrategy’s coffers.

On July 15, ahead of Bitcoin’s recent sell-off, CryptoQuant CEO Ki Young Ju warned that whales had begun moving Bitcoin back into exchanges.

Analyst Will Clemente recently said that whales have been steadily accumulating Bitcoin since May and a supply-side crisis could be brewing.

Cá voi Bitcoin thức giấc sau 3 năm, gom hàng ồ ạt - Ảnh 2.

Bitcoin is currently trading at $33,500. Recently, the Bitcoin price experienced great fluctuations, at times falling below $ 30,000.

According to experts, the downward momentum of the cryptocurrency market was driven by the sell-off of the stock market in recent sessions, reducing the attractiveness of risky assets. On July 19, the Dow Jones Industrial Average had its biggest drop since October last year.

At the same time, investors also expressed concern about the recent low Bitcoin price after authorities in many countries tightened crypto trading activities.

Since setting an all-time record of nearly $65,000 in mid-April, Bitcoin has lost more than 50% of its value.

Source: Dailyhodl

Share the news now

Source : Genk