Back Again: Third-Largest Bitcoin Whale Bought $37 Million in BTC

One of the biggest BTC whales, a buyer of more than $37million worth of primary cryptocurrency, has rediscovered its appetite for accumulation. After a few weeks of unusual silence, this is the result.

CryptoQuant’s analyst, VentureFounder, described their latest purchase earlier today. The address associated with the whale shows that they purchased 596 bitcoins for $62,934. They spent less than $37.5 million on this purchase, which is a significant amount considering the lack of activity over the past weeks. The whale had previously made multiple sales and purchases in response to BTC’s price movements.

Source: Twitter. Source: Twitter. According to data on-chain, the large purchases of such whales was the main reason for the recent rally that saw BTC rise from $40,000 at September’s end to $67,000 at last week’s ATH.
Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami