This Bitcoin (BTC) Whale allocates $1 million every day regardless of price. How much is he holding?
Anonymous crypto investor taking to @Capital15C on Twitter follows some particularly confident Bitcoin (BTC) whales
Whale activity is often interpreted as an interesting indicator of Bitcoin (BTC) price performance. However, some large-scale holders are passionate supporters of the DCA strategy, a new analysis says.
“Regardless of the Price”
According to the screenshot shared by @Capital15C on Twitter, there is an account on the Bitcoin (BTC) network that pours about $1,000,000 into digital gold every day, regardless of price fluctuations.
To buy #Bitcoin like this guy
— C15Capital ⚡️🇺🇸 (@Capital15C) Apr 9, 2022
The screenshot covers the period from February 22, 2022 to the present. At the beginning of this period, the account held 8,652 Bitcoins (BTC), while as of April 7, 2022, it had allotted more than 9,779 Bitcoins (BTC).
For example, he/she bought Bitcoins (BTC) in a wide price range: from $35,000 to $47,000. It seems that his/her confidence is getting even stronger: in recent days, “daily” investments have increased by more than $1.2 million.
The dollar-denominated asset valuation in the said account increased from $326 million to $426 million; this equals an increase of 30.67%.
Whales are buying again?
The same analyst also saw a super-aggressive whale that has increased its baggage tenfold since early March 2022. By buying 500-1000 Bitcoins (BTC) daily, he/she increased his/her wealth from $36 million to $434 million.
However, the commentators admitted that this could be a middleman – not a passionate holder convinced that the next phase of the Bitcoin (BTC) rally is coming.
As previously reported by U.Today, in mid-March 2022, Bitcoin (BTC) whales were at a crossroads: the trend of buying or selling was not clear.
In recent days, amid a Bitcoin (BTC) price drop, several Satoshi-era whale wallets have moved their coins, sending an alarming signal for Bitcoin (BTC) bulls.