CandleFocus

$755 Million in 24 Hours for Bitcoin (BTC): What's Happening?

An unidentified Bitcoin whale has been actively accumulating BTC in its wallet, increasing its holdings to 12,131 BTC, valued at $770.49 million. The whale received 16.87 BTC worth $1.01 million from an unknown address two weeks ago and later received another 176.616 BTC valued at $10.63 million. After a brief pause, the whale resumed its aggressive accumulation in the last 24 hours. The address that sent funds to the whale also holds 11,477 BTC worth $728.92 million. The origin of the funds, potentially belonging to crypto custodian Fortress Trust, remains uncertain.

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