“How Largest Bitcoin Whale Plays Market“
When it comes to crypto investment decisions, the behavior of Bitcoin (BTC) whales is crucial. These large BTC investors can provide valuable insights into when to enter or exit the market to earn passive income. BeInCrypto’s editorial staff recently reviewed the activity of the five largest Bitcoin whales using data from Bitinfocharts and Arkham Intelligence.
The First Whale: 37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs
This wallet received 94,505 BTC ($3.2 billion) on Sept. 6, 2019, and its balance has remained relatively unchanged since then. Monthly deposits and inactivity for over two years suggest that the owner uses crypto to earn passive income.
The Second Whale: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4
This wallet’s activity suggests that the address owner still controls their coins as it first bought Bitcoins on Sept. 30, 2022, and last accepted a deposit on Sept. 30, 2023.
Bronze Wallet: 1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
Since May 28, 2023, no BTC has been withdrawn from this wallet, but it receives small amounts of Bitcoin monthly, indicating passive income generation.
Fourth-Largest Whale: 1AC4fMwgY8j9onSbXEWeH6Zan8QGMSdmtA
Most of the address’ Bitcoin was deposited on Jan. 7, 2018, suggesting that the owner uses his holdings to earn passive income.
Inactive Fifth-Largest Whale: 1LruNZjwamWJXThX2Y8C2d47QqhAkkc5os
This wallet has received small deposits automatically since Nov. 24, 2019. Like other whales, it is uncertain if the original owner still has access to the Bitcoin located there.
Conclusions
Four of the five largest Bitcoin whale addresses appear abandoned due to lack of withdrawals and market activity over several years. The second whale last deposited funds on Sept. 30, 2023, when BTC was trading near $26,000 after replenishing their wallet during a previous crypto winter.
Hot Take
Activity from whales can be used to inform crypto investment decisions.
If you have insights into how BTC whales play the market or earn passive income or anything else related to this topic please join our Telegram channel or follow us on TikTok, Facebook or Twitter.
By
By
By
By
By