Updated: 3 months
The largest whale, an investor with a lot of bitcoin (BTC) in his wallet and is not an exchange, has recently taken advantage of bitcoin’s cheap price.
Whale buys big
This wallet is in third place of the largest wallets at the moment and comes after two wallets belonging to exchanges. Over the past month Whale has bought a total of 4,816 BTC. These bitcoins have a value of just over $100 million.
The whale’s most recent purchase was today. Here, he bought 186 BTC for about $3.6 million. Yesterday, he also made a purchase. Here he bought a total of 601 BTC for about $11 million. So this month alone, he has added almost 800 BTC to his balance.
At the beginning of June, there were 127,873 BTC in the bitcoin wallet. Over this month, he has made several purchases of varying sizes and only one withdrawal. With this withdrawal, the whale withdrew 500 BTC, which at the time was equivalent to $15 million. At the end of the month, his total stood at 132,189 BTC, which is worth about $2.5 billion in total.
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Buy the dip
It seems that the whale makes several purchases each month. In May, for example, he made several purchases of over 1,000 BTC per transaction. For the time being, it also seems that he will not slow down his purchases.
However, we saw earlier that not all whales fared equally well. The smaller whales, those with more than $10 million in BTC on their wallets, decreased in quantity. In November, there were 10,500 smaller whales, but at the moment there are only about 4,300. The giga-whales, whales holding more than 100,000 BTC, are doing much better. A total of 776,000 BTC is held by only 5 of these giga-whales. This amount has increased by 16% in the last 30 days.
Not only the giga-whales are buying, also the smaller investors are buying massively. The small investors, wallets with less than 1 BTC in total, have bought 113,884 BTC since 1 January this year.