As an experienced financial analyst with a background in blockchain technology and market trends, I find this latest development in Bitcoin whale activity intriguing. The recent purchase of $395 million worth of Bitcoin by a single entity, as reported by Lookonchain, is a significant move that warrants attention.
Based on data from the blockchain analysis firm Lookonchain, a large-scale Bitcoin (BTC) investor has recently acquired an impressive $395 million worth of the cryptocurrency.
The whale purchased $794 million worth of Bitcoin during the 2022 bear market.
In the years 2023 and 2024, the whale raked in over a billion dollars by offloading approximately 37,000 units at an average sale price of $46,800 each.
This is the first purchase made by the aforementioned whale in 1.5 years.
The leading cryptocurrency is currently changing hands at $65,722 on the Bitstamp exchange.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- MNT PREDICTION. MNT cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- Lucky Animal Crossing: New Horizons Player Discovers Infinite Clam Glitch
- I Physically Need WWE 2K25’s Showcase to Feature The Bloodline
- Cardano Enters Chang Hard Fork Era With Node 9.1.0 Upgrade
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
2024-06-20 11:29