Bitcoin Whale Accumulates Over $282 Million in BTC Amid Market Correction ๐ณ๐
A significant Bitcoin whale has been stacking up over $282 million in BTC since late March amidst a market correction, showcasing a bullish outlook on the flagship cryptocurrency.
Whaleโs Massive Bitcoin Purchase ๐๐ฐ
- Address beginning with โ12QVsfAโ bought 4,380 BTC worth $282.38 million
- Acquired at an average price of $64,471
- Added another 620 BTC ($39.8 million) during the dip
Another Whale Making Moves ๐๐ธ
- Separate whale deposited over $77.67 million on Kraken
- Intentions unclear, potential for selling on open market
- Entity amassed $1.68 billion worth of Bitcoin in just 1.5 months
Bitcoin is currently trading at $63,315, down 14% from its all-time high of $73,737, presenting opportunities for strategic accumulation.
Hot Take: Will More Bitcoin Whales Enter the Market Amidst Volatility? ๐ค๐
Will the recent actions of these whales inspire others to follow suit and accumulate Bitcoin during market corrections? Stay tuned for more developments in the crypto space as big players continue to make significant moves.
References:
1. Lookonchain Twitter: [https://twitter.com/lookonchain/status/1783531367483281659](https://twitter.com/lookonchain/status/1783531367483281659)
2. Kraken Deposits: [https://twitter.com/lookonchain/status/1783875180286328894](https://twitter.com/lookonchain/status/1783875180286328894)
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