According to a report from CryptoPotato, this whale has been buying large amounts of bitcoin every time on every occasion of the recent big drop in the price of bitcoin. Whale added 328 bitcoins worth around $12 million (about Rs 90 crore) on 22 January. After this, on January 25, he bought 160 Bitcoin, which was worth around $ 6 million (about Rs 45 crore) at that time.
Finally this entity surpassed #Saylor:
The 3rd largest #Bitcoin whale wallet added another 488 #BTC Friday & today at $36.4k for $18M
This wallet bought 16,576 BTC since $69k top, now holds 124,487 BTC with cost basis of $22k per BTC vs 124,391 of Saylor with cost basis of $30k pic.twitter.com/v6e6I5rp1u
— venturefoundΞr (@venturefounder) January 25, 2022
According to the latest announcement from MicroStrategy, in December when the company disclosed that it had purchased 1,914 BTC, the average price of BTC they bought was around $30,159 (approximately Rs.25 lakh). The third largest whale, on the other hand, costs around $22,000 (approximately Rs 15 lakh) per BTC and generates a profit of around $1.75 billion (approximately Rs 13,050 crore).
Glassnode On-chain data provided by CoinDesk shows that the number of large bitcoin addresses on the network has hit a three-month low, which is currently comparable to September 2021 levels.
The number of unique addresses holding 100 or more coins has dropped to October levels, indicating that most markets are no longer interested in counter-trading the asset, but are joining the bear market.<!–
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