Major Bitcoin Whale Buys $395 Million Worth of BTC After Recent Price Drop
06/20/2024 15:19
This is the major purchase conducted by the massive whale in 1.5 years
According to blockchain analytics platform Lookonchain, a whale recently purchased a whopping $395 million worth of Bitcoin (BTC).
The whale purchased $794 million worth of Bitcoin during the 2022 bear market.
The whale made more than $1 billion after selling 37,000 ($1.74 billion) at an average price of $46,800 in 2023 and 2024.
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This is the first purchase made by the aforementioned whale in 1.5 years.
The leading cryptocurrency is currently changing hands at $65,722 on the Bitstamp exchange.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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