3rd Largest BTC Whale Buys Another $24M Worth Bitcoin During Latest Dip
The 3rd largest bitcoin whale has acquired additional 551 BTC with an average price of $45,219.
While the larger crypto community is seemingly in a state of panic amid the latest market crash, one Bitcoin whale is taking advantage of the discounted prices. The third-largest Bitcoin whale just ‘bought the dip’, bringing his total holdings over 121,000 BTC.
On January 4th, the whale’s BTC address added another 372 Bitcoin, valued at $17,122,242 at the time of purchase.
A day earlier, on 3rd January, the same address bought 456 Bitcoin for an average of $46,363 per coin.
Bitcoin’s price crashed below $43k on January 5th, alongside stocks. This brought back ‘extreme fear’ market sentiment that was last seen in July 2021.
The whale reacted with yet another Bitcoin purchase at the time, adding another 172 coins for $7,793,489. That’s an average of $43 539 per coin.
With over 121,396.57 BTC, the whale’s holdings are coming close to MicroStrategy’s Bitcoin holding levels. According to Michael Saylor’s tweet on December 30th, MicroStrategy currently holds 124,391 Bitcoin.
MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD
A popular on-chain analyst Will Clemente tweeted that the Bitcoin market at the moment is far more driven by large whale activity than it was this time last year.
Retail interest in Bitcoin is pretty much gone since the Spring.
