CRYPTO

Back Again: 3rd Largest Bitcoin Whale Swallows Another $24M Worth of BTC During the Dip 

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While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC.

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  • On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time.
  • This was a follow-up to an even larger purchase from a day earlier, when he bought 456 Bitcoin for an average of $46,363 each.
  • Bitcoin’s price plunged below $43k on January 5th, alongside stocks. This pushed market sentiment to lows it hasn’t seen since July.
  • The whale reacted with yet another Bitcoin purchase at the time, absorbing another 172 coins for $7,793,488.82. That’s an average of $43 539 per coin.
  • With over 121,396.57 Bitcoin, the whale’s holdings rival the infamous Microstrategy’s. According to a tweet from Michael Saylor on December 30th, his company currently owns 124,391 Bitcoin.
  • According to on-chain analyst Will Clemente, the Bitcoin market is far more driven by such whale activity than it was this time last year.
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