Bitcoin whales have amassed more than $282 million in BTC since late March as the flagship digital asset struggles to find bottom after hitting an all-time high.
First discovered by blockchain tracking company look on chainaddresses starting with “12QVsfA” bought 4,380 BTC worth $282.38 at an average price of $64,471.
Lookunchain says,
“After the price of BTC fell, this whale bought an additional 620 BTC ($39.8 million) at the bottom price.
Since March 21st, the whale has purchased 4,380 BTC ($282.38 million) from Binance for $64,471.
address:
12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo. ”
On the same day, the company also spotted Another whale deposited $77.67 million worth of Bitcoin on cryptocurrency exchange Kraken. It is unclear what Whale plans to do with the coins, but depositing them with Kraken means they could potentially sell the BTC on the open market.
Lookonchain, citing data from cryptocurrency “de-anonymization” service Arkham, said the company had amassed more than $1.68 billion worth of Bitcoin in just one and a half months.
“Whale deposited 1,200 BTC ($77.67 million) into Kraken 43 minutes ago.
This whale accumulated 24,755 BTC ($1.68 billion) from March 1st to April 15th at an average price of $68,051.
address:
bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlfttvxzfke2u6mqsge3gvh”
At the time of writing, Bitcoin is trading at $63,315, down 14% from its all-time high of $73,737.
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Featured image: Shutterstock/AVA Bitter
