3rd largest bitcoin whale buys dip and adds $24 million worth of bitcoin to his wallet
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Answer 3rd largest bitcoin whale buys dip and adds $24 million worth of bitcoin to his wallet
The angles of view of the current decline of Bitcoin vary between a pessimist who sees that the price of Bitcoin is going to lower levels and even reaching 29 thousand dollars, and an optimist who sees that the current decline is nothing but a small correction to the upcoming big rise.
Indicators of fear and greed show a state of great fear among bitcoin traders, but it seems that the bitcoin whales did not care much about the recent decline, but rather see it as an opportunity to strengthen and buy more bitcoin.
Which is what the third largest bitcoin whale did, as he bought $ 24 million worth of bitcoin, bringing the bitcoin wallet of this whale to a total of 121,000 bitcoin.Read:Once again sentiment towards Bitcoin tends to be very scary with Bitcoin remaining below $50K
On January 4th, this whale address added another 372 bitcoins, with the amount being purchased for $17,122,242.1 at the time.
There was an even bigger purchase earlier, when he bought 456 bitcoins at an average of $46363 each.
In the last hours and when the bitcoin price fell below 43 thousand dollars along with the decline of the stock price movement.
This pushed market sentiment to the lowest levels not seen since July.
For this whale to interact again and make another purchase of bitcoin, this whale bought 172 bitcoins for $7,793,488.82 at an average of $43,539 per coin.
With more than 121,396.57 bitcoins, the holdings of this whale rival the famous “Microstrategy” company among crypto market traders.
According to a recent tweet from Michael Saylor on December 30, his company currently owns 124,391 bitcoins.Read:Binance adds the option to trade Ethereum futures contracts with up to 50x leverage
According to analyst Will Clemente, the bitcoin market is more driven by such activities than whales.
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