Seasoned Bitcoin (BTC) investor and analyst noticed account of very confident large-scale holder
Like all other major cryptocurrencies, Bitcoin (BTC) has failed to end its bearish slump in the first quarter of 2022. However, some whales sure are dips to buy.
$500 million whale keeps buying: Analyst
Anonymous Bitcoin (BTC) analyst and investor who goes by @Capital15C on Twitter has shared the statistics of an unusual address on the Bitcoin (BTC) network.
Since September 17, 2022, they have been aggressively buying digital gold. Roughly speaking, they buy BTC per 100-200 coins. His net balance has increased from 21,799 BTC to 26,280 BTC.
In less than three weeks, the USD-denominated balance of this wallet eclipsed $500 million. Despite the pale performance of the largest cryptocurrency, two days ago, it reached a local maximum of over $521 million.
As previously covered by U.Today, September is usually the most painful month for bitcoin (BTC), based on multi-year observations.
“Extreme Fear” dominates on boring market
Commentators of @Capital15C are guessing whether this is a wallet of a super-rich private holder or the storage of some Bitcoin-friendly neobank.
Meanwhile, the sentiment for Bitcoin (BTC) is still far from bullish. Its “Fear and Greed” index has remained in the extreme fear zone since 15 September 2022.
As of printing time, Bitcoin (BTC) is changing hands at $19,489 on major spot trading platforms, being less than 0.6% up in the last 24 hours.
