Major Bitcoin Whale Accumulates More BTC

According to the latest information shared by the cryptocurrency tracking tool Arkham Intelligence, a significant cryptocurrency whale, known to be a Bitcoin billionaire, has made another purchase of BTC.

On-chain data reveals that this whale, holding approximately $1 billion in BTC, withdrew around $200 million worth of Bitcoin today through the cryptocurrency exchange Binance.

Reports indicate that this whale began accumulating BTC again about five days ago after selling between $100,000 and $86,000 in February.

Currently, the crypto whale’s portfolio holds $1.34 billion in BTC. The whale first acquired BTC in February of the previous year. It remains unclear whether the whale’s wallet is associated with an institutional entity or an early-stage investor.

At one point, the whale’s assets peaked at around $3 billion. There has been a reduction in asset value due to both price drops and previous sales, but this recent transaction appears to signal a notable market stance.

*This is not investment advice.