Bitcoin whale accumulates $356.6M in BTC
Key Takeaways
- The wallet starting with "bc1qd3" accumulated $356.6M in Bitcoin in just five hours, marking one of the largest recent accumulation events by a single address.
- The accumulation trend mirrors broader whale behavior, with more coins being transferred from exchanges to private wallets during market volatility.
A Bitcoin whale identified as bc1qd3 accumulated $356.6 million worth of Bitcoin over a five-hour period today, representing one of the largest rapid accumulation events by a single address in recent months.
The massive purchase reflects broader whale activity patterns observed across crypto markets. Posts on X indicate that major Bitcoin holders are increasingly moving coins off exchanges into private wallets, reflecting a pattern of strategic accumulation during volatile periods.
Recent social media reports show mid-sized Bitcoin whales actively buying up supply, potentially signaling confidence in upcoming price recovery. The bc1qd3 address has emerged as a prominent player in these large-scale movements.
Insights from X posts suggest that whale movements often align with broader accumulation trends by long-term holders, enriching the narrative of quiet buying amid market fear.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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