Overview

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According to BitInfoCharts, Bitcoin’s third-largest whale has bought more than 750 BTC worth about $29 million on dips, bringing total holdings to about 127,000 BTC Bitcoin’s third-largest whale address has added 207 BTC, worth over $12.5 million, to its stash after the price of the flagship cryptocurrency dropped by over 8% in a wider As the asset began to retrace in the following days, the whale bought 1,123 tokens on November 12th at an average price of just under $64,200. Earlier today, they made According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC. Despite falling 8% over the past A Bitcoin (CRYPTO: BTC) whale that had been dormant for over ten years has sprung into action, transferring a massive $207.51 million worth of Bitcoin.

Breaking News: Bitcoin's Third Biggest Whale Just Bought 207 BTC Worth $12 Million! A significant move in the crypto market as Bitcoin's third-largest whale address has added 207 BTC, worth over $12.5 million, to its stash. According to on-chain monitoring resources on Nov. 16, this whale increased its holdings despite the recent dip. What does this mean for Bitcoin's future?

Third Largest Bitcoin Whale Accumulates More BTC

According to BitInfoCharts, Bitcoin’s third-largest whale has been actively buying on dips, acquiring more than 750 BTC worth about $29 million. This brings their total holdings to an impressive 127,000 BTC. The recent purchase of 207 Bitcoin further solidifies their position as a major player in the Bitcoin ecosystem. As the asset began to retrace in the following days, the whale bought 1,123 tokens on November 12th at an average price of just under $64,200. Earlier today, they made another significant move.

Why is this Bitcoin Whale Buying Now?

Bitcoin’s third-largest whale address has added 207 BTC, worth over $12.5 million, to its stash after the price of the flagship cryptocurrency dropped by over 8% in a wider market correction. This suggests a belief in Bitcoin's long-term potential and a strategic move to capitalize on lower prices. This is not just a recent activity. According to BitInfoCharts, Bitcoin’s third-largest whale has bought more than 750 BTC worth about $29 million on dips, bringing total holdings to about 127,000 BTC.

Dormant Bitcoin Whale Awakens!

Adding to the intrigue, a Bitcoin (CRYPTO: BTC) whale that had been dormant for over ten years has sprung into action, transferring a massive $207.51 million worth of Bitcoin. While not directly related to the third-largest whale's recent purchase, this activity highlights the dynamic nature of the Bitcoin market and the potential for significant movements from long-term holders.

Bitcoin Price Prediction: Whale Activity as an Indicator

While we can't predict the future, these whale activities are often seen as indicators of market sentiment. Despite falling 8% over the past few days, the fact that Bitcoin’s third-largest whale address has increased its holdings by 207 BTC suggests confidence in a future rebound. Keep an eye on these movements for potential insights into the Bitcoin market's direction.

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