Mysterious Whale Acquires $3B Worth Bitcoin In 3 Months, Guess How Much The Ultimate HODLR Satoshi Nakamoto Have In His Stash
Portfolio Pulse from Mehab Qureshi
A Bitcoin whale has accumulated over $3 billion worth of Bitcoin since mid-May, making it the third-largest BTC address globally. The wallet has not sold any Bitcoin since its inception. The wallet's strategy involved procuring varying amounts of BTC, with the most recent transaction involving 6,600 BTC. The whale is currently experiencing a loss of more than $92.90 million. The price of Bitcoin dropped below $26,500 last week due to decreased market activity and the crisis in China's property sector.
August 22, 2023 | 3:47 am
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NEGATIVE IMPACT
The accumulation of Bitcoin by a whale and the recent drop in Bitcoin's price could potentially impact the price of BTCUSD in the short term.
The accumulation of Bitcoin by a whale indicates a strong demand for the cryptocurrency. However, the recent drop in Bitcoin's price due to decreased market activity and the crisis in China's property sector could potentially lead to a decrease in the price of BTCUSD in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100