Bitcoin

Million

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According to blockchain analytics platform Lookonchain, a whale recently&nbsp;<a href="https://x.com/lookonchain/status/1803638442661913044">purchased</a> a whopping $395 million worth of Bitcoin (BTC).&nbsp;
The whale purchased $794 million worth of Bitcoin during the 2022 bear market.&nbsp;
The whale made more than $1 billion after selling 37,000 ($1.74 billion) at an average price of $46,800 in 2023 and 2024.
This is the first purchase made by the aforementioned whale in 1.5 years.&nbsp;
The leading cryptocurrency is currently changing hands at $65,722 on the Bitstamp exchange after adding 0.9% over the past 24 hours.&nbsp;
<h2 id="bitcoin-fatigue">Bitcoin fatigue&nbsp;</h2>
According to cryptocurrency analytics firm Santiment, the Bitcoin crowd is currently in a state of fear or disinterest. &nbsp;
As noted by the firm, such a level of fear, uncertainty, and doubt (FUD) is considered to be "rare" since it seems like the Bitcoin trading community has reached the capitulation stage.&nbsp;
The firm has added that such periods of fatigue are usually followed by price bounces.&nbsp;
At the same time, it is worth noting that Bitcoin is just 11% away from its current all-time high, meaning that it is far from the bear market territory. &nbsp;&nbsp;

Major Bitcoin Whale Buys $395 Million Worth of BTC After Recent Price Drop

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Інші статті, опубліковані 20 черв. 2024 р.

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