dailyhodl.com
A Bitcoin whale has stacked over $282 million in $BTC since late March as the flagship digital asset struggles to find a bottom after hitting all-time highs.
First spotted by blockchain tracking firm Lookonchain, an address beginning with “12QVsfA” bought 4,380 $BTC worth $282.38 at an average price of $64,471.
Says Lookonchain,
“After the price of $BTC dropped, this whale bought another 620 $BTC ($39.8 million) at the bottom.
Since March 21, this whale has bought 4,380 $BTC ($282.38 million) at $64,471 from Binance.
Address:
12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo.”
On the same day, the firm also spotted another whale depositing over $77.67 million worth of Bitcoin into crypto exchange Kraken. While it’s unclear what the whale plans to do with their coins, depositing them onto Kraken means they could potentially sell the $BTC on the open market.
Citing data from crypto “de-anonymizing” service Arkham, Lookonchain says the entity has accumulated over $1.68 billion worth of Bitcoin in just a month and a half.
“A whale deposited 1,200 $BTC ($77.67 million) into Kraken 43 minutes ago.
The whale accumulated 24,755 $BTC ($1.68 billion) at an average price of $68,051 from Mar 1 to Apr 15.
Address:
bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh”
At time of writing, Bitcoin is trading at $63,315, 14% down from its all-time high of $73,737.