Bitcoin

In a significant move, a prominent investor, often called “smart money,” acquired 244 BTC worth $16 million just two hours ago. This <a href="https://x.com/lookonchain/status/1816298436318376307" rel="noopener noreferrer nofollow">purchase </a>highlights continued confidence in Bitcoin’s potential amidst market fluctuations.The investor has been actively accumulating Bitcoin since July 17. Over this period, they have purchased a total of 921 <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">BTC</a>, valued at $60.6 million, at an average price of $65,821. This sustained buying spree underscores a strategic approach to amassing a substantial Bitcoin position.<h2 id="header-0">Previous Buys This Week</h2>Just nine hours before the latest purchase, the same investor bought 213.78 BTC for $14.48 million. This brings the total BTC acquired over the past four days to 677 BTC, costing $45.6 million. The consistent purchases suggest a strong belief in Bitcoin’s long-term value.The trend of significant acquisitions began on July 18, when the investor bought 215.5 BTC for $14 million within just 16 minutes of a previous transaction. At that time, the investor’s holdings were reported to be 463.16 BTC, valued at $30 million.The ongoing large-scale purchases by this “smart money” investor indicate a robust bullish sentiment towards Bitcoin. These strategic acquisitions influence market perceptions and drive future investment trends in the cryptocurrency space.

Major BTC Purchase by "Smart Money" Investor

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