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

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

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.

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Tags:
Bitcoin (BTC) Price Deribit
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About the author

Jordan Lyanchev
Jordan Lyanchev
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.