The third largest Bitcoin whale buys almost 17,000 BTC

The third largest Bitcoin whale (BTC) has recently acquired massive amounts of BTC. A large investor currently has 116,841.62 BTC. Your wallet…

Sales of this whale coincided with peaks seen in 2021, according to Crypto Potato. This investor’s strategy is to transfer BTC to Coinbase whenever the cryptocurrency approaches resistance.

Between April and May of this year, the whale was selling its BTC until it had 100,000 units in its portfolio. However, from May to today, this whale has added almost 17,000 BTC to its balance.

Accumulates imperceptibly

Between May and July, the third largest whale made purchases for 410 BTC and only 44 withdrawals. This is a discrete accumulation in just two months.

After the sale, the accumulation point of this investor was from $ 41,000. However, most bitcoins were purchased for between $ 30,000 and $ 39,000.

For example, at the beginning of June, 3706 BTC was accumulated at this address at an average price of $ 32,900. More than 600 million reais were purchased in this way.

The last sale took place on June 15th, when the third largest whale BTC dropped 1,500 BTC at $ 40,500. At the end of the same month, 4000 BTC was added to the backlog of this whale.

All in all, at over 18 billion reais. Bitcoin… The strong move towards accumulation supports recent evidence that whales are using the current price range for accumulation.

Thus, this is a positive factor for the BTC price in the long term. Although huge amounts were sent to Coinbase e Binance at times, over the past week, the price has been stable in the same range.

Even a quick loss of the $ 30,000 minimum mark could not have resulted in more serious losses.

money of giants

In addition to the whales, institutional capital has also headed to the market for cryptocurrencies… The second quarter of 2021 set a record for the inflow of venture capital.

In addition, almost half of the bank’s family office clients want to invest in bitcoin, according to a recent report by Goldman Sachs published in CriptoFácil.

Such factors are positive indicators of the current state of the cryptocurrency market and, in addition, make the long-term scenario more optimistic.

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