The largest whale, an investor with a lot of bitcoin (BTC) in his wallet and not an exchange, recently put to good use of the cheap price of bitcoin.
Whale purchases on a large scale
This wallet is the third largest wallet at the moment and comes after two wallets that belong to exchanges. The whale has bought a total of 4,816 BTC over the past month. These bitcoins are worth just over $100 million.
The most recent purchase of this whale was today. Here he bought 186 BTC for about $3.6 million. He also made a purchase yesterday. Here he has bought a total of 601 BTC for about $11 million. So this month alone, he has been able to add almost 800 BTC to his balance.
At the beginning of June, there were 127,873 BTC in the bitcoin wallet. Over this month, he has made several purchases of various sizes and only one recording. On this withdrawal, the whale has withdrawn 500 BTC, which at the time was equivalent to $15 million. At the end of the month, his total stood at 132,189 BTC, which is worth about $2.5 billion in total.
‘Buy the dip’
It seems that the whale makes several purchases every month. In May, for example, he already made several purchases of more than 1,000 BTC per transaction. It also looks like he won’t slow down with buying for the time being.
However, we saw earlier that not all whales were doing equally well. The smaller whales, which have more than $10 million in BTC in their wallets, declined in number. In November there were 10,500 smaller whales, but today there are about 4,300. However, the giga-whales, whales with more than 100,000 BTC in possession, are doing a lot better. In total, 776,000 BTC is owned by only 5 of these giant whales. This amount has increased in the past 30 days up 16%†
Not only the giga-whales are buying, the smaller investors are also buying en masse. The small investors, wallets with less than 1 BTC in total, have jointly since January 1 this year 113,884 BTC purchased†