Attention! Bitcoin Whales Are On The Move! They Bought Large Amounts of BTC at These Levels!

Bitcoinsistemi2024/08/13 13:33

By:Elif Azra Güven

According to the latest data, whales are accumulating Bitcoin, taking advantage of the decline.

While the decline in Bitcoin and altcoins has caused some investors to panic and fear, for some investors it is simply seen as a good buying opportunity.

At this point, whales saw the sharp decline in BTC as an opportunity and started to accumulate.

According to a post by on-chain data analytics platform Spot on Chain, two new whales bought 2,435 Bitcoins worth a total of $145 million from Bitfinex and Binance.

Accordingly, one address starting with “bc1qr” purchased 1,500 BTC (worth $89.1 million) from Bitfinex at an average price of $59,393, while the other address starting with “0xbe6” purchased 935.1 WBTC (worth $55.6 million) from Binance at an average price of $59,451.

Two fresh whales accumulated 2,435 #Bitcoin ($145M) from CEXs today!

1. Whale “bc1qr” withdrew 1,500 $BTC ($89.1M) from #Bitfinex at $59,393 ~12 hours ago.
➡️ Address: https://t.co/wUirTyU0Yb

2. Whale “0xbe6” withdrew 935.1 $WBTC ($55.6M) from #Binance at $59,451 on average ~17… pic.twitter.com/Rl6ojVWtxv

— Spot On Chain (@spotonchain) August 13, 2024

Apart from these whales, Jane Street, one of the market makers, is also accumulating Bitcoin. Accordingly, an address associated with Jane Street received $54.03 million worth of BTC from Gemini.

An address believed to belong to liquidity provider Jane Street purchased 911.19 BTC (worth $54.03 million) from Gemini at an average price of $59,296.

It was also stated that this address received 865 BTC and 1,147 BTC on January 20 and February 1, respectively.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.