A Bitcoin whale has accumulated over $282 million in BTC since late March as the main digital asset struggles to stabilize after reaching record highs.
Initially identified by blockchain monitoring company Lookonchain, an address starting with “12QVsfA” purchased 4,380 BTC valued at $282.38 million with an average price of $64,471.
According to Lookonchain,
“Following the BTC price drop, this whale purchased an additional 620 BTC ($39.8 million) at the lowest point.
Since March 21, this whale has acquired 4,380 BTC ($282.38 million) at $64,471 from Binance.
Adresse:
12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo.”
Kilde: Lookonchain/X
On the same day, the company also fik øje på another whale depositing over $77.67 million worth of Bitcoin into crypto exchange Kraken. While the intentions of the whale remain unknown, depositing the coins on Kraken suggests a potential sale on the open market.
Referring to data from crypto analysis service Arkham, Lookonchain reveals that the entity has accumulated over $1.68 billion worth of Bitcoin in just a month and a half.
"En hval deponerede 1,200 BTC (77.67 millioner dollars) i Kraken for 43 minutter siden.
The whale has gathered 24,755 BTC ($1.68 billion) at an average price of $68,051 from Mar 1 to Apr 15.
Adresse:
bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh”
Kilde: Arkham/Lookonchain/X
Currently, Bitcoin is trading at $63,315, which is 14% lower than its all-time high of $73,737.
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