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    Home » Crypto News » Third-Largest Bitcoin Whale Bought $375 Million Worth of BTC in 11 Days

    Third-Largest Bitcoin Whale Bought $375 Million Worth of BTC in 11 Days

    Author: Jordan Lyanchev

    Last Updated Nov 27, 2021 @ 09:37

    The third-largest Bitcoin whale has gone on a record buying spree by making several consecutive purchases.

    In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe.

    • CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated significantly in a short period of time and vice-versa.
    • In the past several weeks, though, they have been focused on accumulating only, as CryptoQuant’s analyst VentureFounder informed.
    • Starting from November 12th, the entity has made eight consecutive purchases as bitcoin’s price was declining. The first one, for 1,123 BTC, came at just over $64,000, while the last one – from yesterday, was at a price tag of $57,400 and was for 616 BTC.
    • In total, the whale has accumulated 6,665 coins in less than two weeks. From a USD perspective, this amount is roughly $375 million in today’s prices.
    • According to VentureFounder, this whale now has their highest wallet balance in four months when they were accumulating at prices around $30,000.

    8 straight (business) days of buying:

    The 3rd largest #Bitcoin whale wallet added 616 more #BTC today at $57.4k for a total of $35.3M USD.

    The #whale bought 6,665 BTC in under 1.5 weeks. This has been the highest wallet balance since July 2021 (the low $30k accumulation period) pic.twitter.com/b7UH6ac9I9

    — venturefoundΞr (@venturefounder) November 24, 2021

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    Tags: Bitcoin Bitcoin (BTC) Price Bitcoin Whales
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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