Bitcoin has recently experienced significant price fluctuations, while the major investors (whales) began to move again. According to the latest developments, a large Bitcoin whale made an important move by buying BTC worth $ 200 million after selling 11,400 BTC in the past few months.
Bitcoin whale is saving
In February, whale, Bitcoin price fluctuated between $ 100,000 and $ 86,000, some sales. However, the total assets of the whale, which currently hold more than 15,000 BTC Bitcoin, exceed $ 1.3 billion. While the price of Bitcoin was around 104,000 dollars on February 1, the price fell to $ 78.940 on February 28th. After this price decrease, the whale began to take Bitcoin again. In the last week, the price of Bitcoin fluctuated between $ 81,000 and $ 88,000. On March 24, BTC increased its price decreased to $ 76,900 on March 11, on March 11th.
In addition, another Bitcoin whale was activated on March 22 eight years later and carried 3,000 BTC with a process. The value of Bitcoins carried in this process was calculated as approximately 250 million dollars. In a statement made by Arkham Intelligence, this whale was only 3 million dollars worth of Bitcoin in early 2017, but now this amount rose to 250 million dollars said. These Bitcoins have been kept at a single address for eight years.
On the other hand, Blackrock, the world’s largest asset manager, continued to accumulate BTC last week. According to Arkham Intelligence, Blackrock purchased a total of 4,054 BTC in 15 different transactions and increased BTC assets to 573,878 BTC. This amount is worth about $ 50 billion at current prices. In addition, Blackrock’s İshares BTC Trust (IBIT) fund reversed a output in Bitcoin Spot ETFs in the USA and provided a net introduction of $ 744.4 million after 5 weeks of outputs. Most of this introduction came from Blackrock’s Ishares BTC Trust fund with $ 537.5 million.
Ethereum whales are also moving
Ethereum whales continue to be mobilized. On March 21, a large Ether whale made an investment of 13.8 million dollars by receiving 7,074 ETH. Ethereum continues to be traded at a price level of 57 %lower than its summit in November 2021. However, while Ether’s open positions reach a historical summit, it is observed that the number of addresses that hold at least $ 100,000 worth of Ether increased. These developments show that large investors’ interest in crypto assets such as BTC and Ether has increased and can start a new rise in the crypto currency market.
