In a strategic move that underscores confidence in Bitcoin’s (BTC) long-term prospects, a prominent Bitcoin whale has reportedly purchased an additional 620 BTC (approximately $39.8 million) during a recent market downturn. This purchase comes as the cryptocurrency experienced a dip of around 3% earlier today, with the overall market seemingly attempting to regain momentum.
The acquisition was highlighted by Lookonchain in a recent tweet, revealing that this particular whale has been quite active in accumulating Bitcoin over the past month. Since March 21, the entity has acquired a total of 4,380 BTC, amounting to a staggering $282.38 million. These purchases were executed at an average price of $64,471 and were sourced from the popular cryptocurrency exchange Binance.
https://blockchainreporter.net/bitcoin-whale-scoops-up-nearly-40m-in-btc-amidst-price-dip/
Stop watching my wallet.
Oh wait you said $40M, not $40. Carry on.
Bitcoin has a trillion dollar capitalization. $40M is nothing. More like an ant than a whale. Someone buying $5B would be significant.
This is why I don’t stress over short-term dips. Whales see them as opportunities.
I hope this can happen to me through fun or ocean lol, am tired of seeing these posts where everyone else gets so damn lucky