- Large Crypto Whales Stocking Up on Bitcoin
- Sophisticated Bitcoin Trading Strategies
- Samson Mow Predicts Bitcoin to 'Go Up a Lot'
An anonymous crypto whale recently made significant market moves, acquiring $19 million worth of bitcoin. Over the past week, they have acquired a total of 2,322.37 BTC, bringing their total holdings to 8,881 BTC.
Large Crypto Whales Stocking Up on Bitcoin
This whale purchased 322.37 BTC valued at roughly $19 million. Over the last week, this investor accumulated 2,322.37 BTC, having paid $136 million for that crypto chunk. Their total Bitcoin holdings at the moment amount to 8,881 BTC, which is the equivalent of $523 million. This information was shared by the Smart whale tracking account @lookonchain, which also revealed the wallet address of this whale: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.
Sophisticated Bitcoin Trading Strategies
Meanwhile, according to @spotonchain, another cryptocurrency whale purchased 1,100 BTC on the Binance trading platform and withdrew this BTC worth $64.2 million with a $62 million profit. This whale is recognized as a skilled trader, buying BTC at market lows and selling them once the price peaks. Between November 2023 and January 2024, during the prepump period for Bitcoin, this whale accumulated 2,947 BTC at an average price of $44,300 per coin. They then made strategic sales, dumping a total of 315 BTC when Bitcoin prices peaked around $60,300 in March and August of this year. They currently hold 3,823 BTC worth $227 million, with an estimated profit of $61.8 million, which represents a 34% increase.
Samson Mow Predicts Bitcoin to 'Go Up a Lot'
Earlier today, Bitcoin bull and JAN3 CEO Samson Mow engaged the crypto community with a tweet about the current market conditions. He discussed the flat-trading Bitcoin curve that has dominated since August 28, when Bitcoin's price dropped from the $64,400 area to the $59,800 zone. Mow warned those expecting BTC to trade sideways forever that this was not the case. He noted that from his observations, this is the precise time when Bitcoin tends to rise significantly. While BTC remained around the $59,000 range, Mow emphasized that he did not sell a single satoshi from his Bitcoin holdings.
The activity of large crypto whales and predictions from prominent analysts like Samson Mow point towards potential future strengthening of bitcoin. It remains to be seen how these market movements will influence the broader crypto economy.
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