A Whale Has Been Actively Accumulating Bitcoin Since Mid-September Despite The Bear Market
On Twitter, an anonymous Bitcoin analyst and investor known as @Capital15C released the data of a unique network address.
The address began actively acquiring digital gold on September 17, 2022. They often buy BTC for 100-200 coins. Their net balance has risen to 26,280 BTC from 21,799 BTC.
This wallet’s USD-denominated balance surpassed $500 million in less than three weeks. Despite the poor performance of the largest cryptocurrency, it hit a local maximum of more than $521 million two days ago.
It could be said that September saw the usual drop in price for this king coin, but perhaps that did not deter investors with a diamond hand. Bitcoin has been very consistent lately moving around the $20,000 mark, at the time of writing, BTC is trading at $19,402.
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