Crypto: A whale Buys $15 Million Worth of Bitcoin Every 3 Hours
The crypto market is currently being shaken up by an activity that does not go unnoticed. While most digital assets are in the green and Bitcoin is attracting more and more attention, a BTC whale is causing a stir in the ecosystem with astonishing transactions. What is the purpose of this purchase?
Bitcoin whale is causing a stir in the charts
Bitcoin whales are recognized as undeniable supporters of the asset. If the main cryptocurrency is so successful, it’s thanks to the optimism of investors who continue to bet despite everything. In fact, the BTC went through a turmoil in 2022 after these whales withdrew from the market.
Thus, despite its fame, Bitcoin needs its fervent supporters to dominate the market. And in terms of support, irregular activity has been shaking the crypto community for a few hours. According to a tweet by Bitcoin News, a whale is making headlines with more than surprising transactions.
Indeed, this whale is buying tokens worth 15 million dollars every 3 hours. An astonishing move that raises questions. Several people are wondering about their motivations.
What is behind these seemingly compulsive purchases? No one knows yet, but several explanations could justify such an act. Between the recovery of the crypto market, the media coverage of the Ordinals, and the rumors of a potential approval of a Bitcoin Spot ETF, there is room for speculation.
When BTC regains its leadership position
The popularity of Bitcoin (BTC) lies in its ability to surprise investors. After falling below $20,000, the flagship cryptocurrency is soaring again, both on the charts and in the esteem of traders.
On-Chain activity is exploding on the blockchain, and with the growing popularity of Bitcoin Ordinals, the number of transactions is exceeding all expectations. But one thing is certain, the rumors of approval of exchange-traded funds in cash are a determining factor in this enthusiasm.
Indeed, several analysts believe that the US regulatory body, the SEC, is about to approve certain requests. Although many believe that the verdict will not change much in the state of the crypto market, others are convinced that it is the key to initiating a long-term upward trend. Thus, the whale’s activity makes perfect sense, especially since it could also influence the price of BTC.
As interest in Bitcoin has been growing for several days, a whale seems to be stocking up while waiting for the Bull Run. The reasons behind these transactions? No one knows yet. Who is behind this address? The mystery remains unsolved, but some internet users are hesitating between BlackRock and Warren Buffett.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.