The third largest Bitcoin whale bought 37.5 million dollars 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
Bitcoin whale bought
According to data from sources, one of the biggest BTC whales has resurfaced yesterday, buying more than 596 BTC. He bought it at $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 in the market. This unnamed whale reportedly bought and sold large sums 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, which act as one of the leading market drivers among others to help the asset break its previous set.