Buying $1 Million BTC Every Day – Who Is This Whale?

Vignesh Karunanidhi
Buying $1 Million BTC Every Day - Who Is This Whale?
Source: The Daily Hodl

The current market situation and BTC price don’t seem to bother the whales. A peculiar whale appears to be quite unusual and confident in his purchase. The particular activities of the whales usually interpret specific indications.

Some large whales seem to be pretty confident with the market and BTC. A Twitter user named C15Capital shared a screenshot of a Bitcoin account that shares a similar purchase pattern.

1 BTC every day, no matter what

A particular account is accumulating $1 million BTC every day, regardless of market conditions and price.

The screenshot includes the purchase period from February 22, 2022, to the present day. At the initial start of the period, the account had a balance of 8,652 BTC. It had a stash of 9,779 BTC as of April 7, 2022.

The whale purchased the BTC when the price ranged from $35,000 to $47,000. The purchase quantity seems to increase even though there are fluctuations in the market. His recent investments have hiked to $1.2 million.

C125Capital also tweeted about another whale that has accumulated 500 to 650 BTC almost every day recently.

The analyst also shared a similar whale that increased its bag size tenfold since early March. The whale accumulated 500 to 1000 BTC every day to skyrocket its bag size from $36 million to $434 million.

All significant cryptocurrencies were down at least 40% from their all-time highs last year. The market has yet to take off, and a bull run is not in the cards. A significant or game-changing surge has yet to occur, and the global economic condition is blocking a breakout. Furthermore, the Russia-Ukraine crisis has contributed to the market’s weight, and investors are stranded or compelled to hold.

We are still early to the market. A wise and well-researched investment will definitely end up fruitful.