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.”
Source: Lookonchain/X
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
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