CandleFocus

75.8 BTC ($6.94M) Bought Again By a Whale—Total Holdings Since July Reach 1,368 BTC

A major BTC investor, referred to as a 'whale', has been consistently accumulating Bitcoin since July 2024. The whale recently made a large transaction of 75.8 BTC, worth approximately $6.94 million, using Wrapped Bitcoin. In total, the whale now owns 1,368 BTC, equivalent to around $125.5 million. Their activities have resulted in an unrealized gain of $33 million. The whale has also been involved in activities related to decentralized finance (DeFi) protocols. The presence of such whales in the market indicates growing institutional or high net worth involvement in Bitcoin and may signal a bullish trend as long as Bitcoin remains below key resistance levels.

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