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

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