The third-largest Bitcoin (BTC) whale added $137 million to their holdings on Monday. What Happened: According to data from BitInfoCharts, the wallet holder added 2,702 BTC worth $137 million at an average price of $50,700 per coin. The whale now holds a total of 118,017 BTC worth more than $6 billion. At current prices, their profit exceeded $3.53 billion. CryptoQuant analyst VentureFounder noted that while it was possible the address in question is a cold wallet for a crypto exchange such as Robinhood Markets Inc., the transaction volumes and patterns of BTC acquisition suggest it is an individual private investor. Another technical analyst speculated that the recent whale buy was “interesting” given the recent sale of Tesla Inc. stock by Elon Musk. “It’s definitely an entity with a significant amount of capital if they are making very large buys with this frequency,” he said. The whale has been steadily acquiring …
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