In this news content, it is reported that a Bitcoin whale known as "Spoofy" purchased over $344 million worth of BTC when the price dropped below $90,000. Spoofy is described as one of the largest investors in the cryptocurrency space. The whale has a history of buying during dips and selling during rises, and has previously accumulated BTC during crashes in 2022. Spoofy then sold his BTC holdings during the rise in prices between 2023 and 2024. The whale recently began accumulating Bitcoin again this fall, and the analyst suggests that this accumulation could continue if the market remains weak. The content also mentions that inexperienced investors are panic-selling during the recent decline, while experienced investors like Spoofy are taking advantage of the market declines by accumulating BTC. The CryptoQuant CEO states that these inexperienced investors are facing losses of over $2.16 billion.



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