Chilipir Bitcoin: a treia cea mai mare adresă de balenă adaugă 3 BTC la 207 USD

Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior.

According to on-chain monitoring resources on Nov. 16, the al treilea cel mai mare Bitcoin whale address has increased its holdings by 207 BTC.

Balenele cumpără scufundarea

Despite falling 8% over the past 24 hours, Bitcoin remains a solid buy for its biggest investors.

For one address, now the third largest with a balance of 193433.46915660 BTC, added the equivalent of $12.84 million to its balance at a price of $62,053 per bitcoin. 

“As of now, this address has increased its holdings by 635 BTC in November,” journalist Colin Wu notat in comments on the event.

“The current balance of this address is 108,528.56 BTC, and the unrealized income is 4,632,109,617.37 USD.”

Such whale behavior is in fact common during bull runs, as evidenced by blockchain data covering previous cycle peaks.

„După părerea mea, balenele și jucătorii mari își acoperă de obicei Bitcoin-urile transferându-se la bursele de instrumente derivate și luând poziții scurte atunci când cumpără o cantitate uriașă de BTC la prețuri minime”, un colaborator al colegului CryptoQuant de analiză în lanț. a explicat Marţi.

„Acest model este evident în timpul ultimului bull run (2017), când indicatorul All Exchanges To Derivative Exchanges a atins vârful de multe ori și prețul a experimentat o creștere de fiecare dată. Chiar acum, în timpul Bullrun-ului, valoarea a atins vârful de patru ori, indicând balenele cumpără și își acoperă monedele în mod continuu.”

This, the post summarized, is a “long-term bullish sign” for price action.

Bitcoin price action stays conservative

Ca Cointelegraph raportate, long-term holders have begun net reducing their BTC holdings as of this month. 

Related: Record whale accumulation precipitated latest all-time high Bitcoin breakout

In what is known as “distribution,” the phenomenon has historically accompanied the most voracious phase of bullish price action, as witnessed beginning November last year.

Heavy buyer volume at $62,000, meanwhile, was not enough to prevent a retestarea nivelurilor inferioare Tuesday, contrary to expectations from Whalemap, a dedicated tool for monitoring whale activity.

$ BTC 62800 indeed played out since then. Wouldn’t want to break it tbh. pic.twitter.com/VS1plF3ytv

- whalemap (@whale_map) Noiembrie 15, 2021

Source: https://cointelegraph.com/news/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k