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While someone in stores was making purchases to congratulate women, one of the largest Bitcoin whales was buying another 730 BTC. On average, the price of one coin was approximately $38,400.
As cryptopotato reports, over the past few days, the third-largest BTC whale has acquired another 730 BTC at an average cost per coin of $38,400. On average, the BTC holdings of this entity under the supervision of cryptopotato have grown by $28 million in recent days.
It is still unknown who is hiding behind the mask of this large whale. And while some of the curious users believe that this may be a cold wallet of a cryptocurrency exchange, others dismiss this opinion, citing the activity of the whale. The object in question demonstrates its commitment to long-term accumulation, as well as love for “buying on the fall”, which are not too similar to the behavior of a cold exchange wallet.
After some lull, the whale seems to have become more active again, as in the past few days he bought 730 BTC, spending an average of $38,400 to acquire each coin. In the first purchase, the whale’s BTC savings increased by 318 BTC, which cost him about $12 million (with an average cost of $38,200 per asset), and the second purchase was another 412 BTC with an average coin value of $38,500 and a total cost of almost $16 million.
It is worth noting that since then the course has changed somewhat. At the time of writing, according to Profitgid, the leading cryptocurrency is trading at $42,279, adding 8.76% in value per day. Well, this suggests that even on his last purchase, the whale has already managed to make good money.
In total, the balance of the address in question currently has a whopping amount of 126,341 BTC, or approximately $5.3 billion, taking into account the current exchange rate.
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