The ‘Whales’ group has started to act in the crypto market recently as tracked through their ‘wallet’ address activities. The third largest Bitcoin whales were found to have added $ 28 million worth of BTC in the past few days.
BTC’s third largest wallet is often the focus of attention among researchers because oftentimes its behavior often impacts the market. Previously, the identity had started selling at a BTC price of $ 44,000, so the BTC market price after that also fell. This scenario is not always parallel but it often meets market expectations.
So far this identity has demonstrated a clear long -term strategy in accumulation and ‘buy the dip’.
Recently this third largest whale group has bought a total of 730 BTC in the last two days at an average price of around $ 38,400. The first purchase was worth around $ 12 million, and it happened yesterday at a price of $ 38,200, and then the identity added 318 BTC.
Today, the identity adds another 412 BTC worth nearly $ 16 million at an average price of $ 38,500. Since the addition the BTC price has jumped to around $ 42.00. Based on the whale's wallet address, the identity has a total of 126,341 BTC.
