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$ 100 million: Third largest Bitcoin whale strikes again



The third-largest Bitcoin whale made another massive buy when the price dropped $ 10,000 in a week.

After the strong performance in the first half of the month - including a new record high - the Bitcoin rally cooled down somewhat. Large Bitcoin investors, also known as whales, are mostly lurking for this phase. So this time too. The third-largest Bitcoin wallet was increased by a total of 1,647 BTC on November 17th. The price had just fallen below the important mark of USD 60,000.


The equivalent of the whale paid about $ 98.8 million. In the past six days, the address has earned a total of 2,977 BTC. Analysis data also shows that the same Bitcoin whale sold 1,500 BTC just before hitting its all-time high. The wallet currently holds a total of 108,528 BTC.

Whales could fuel the course again

Santiment analyzes show that investor interest has risen sharply at the same time as the fall in prices. Even if the Bitcoin price has risen significantly since its correction in May, broad profit-taking has so far failed to materialize. The past has often shown that a new rally follows when whales buy in on a large scale. It will be interesting to see whether this rule holds true this time too.

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