Anonymous crypto investor who goes by @Capital15C on Twitter tracks some particularly confident Bitcoin (BTC) whales
Whale activity is frequently interpreted as an interesting indicator of Bitcoin (BTC) price performance. However, some large-scale holders are passionate advocates of the DCA strategy, according to new analysis.
“Regardless of price”
As per the screenshot shared by @Capital15C on Twitter, there is an account on the Bitcoin (BTC) network that pours around $1,000,000 in digital gold every day with no regard to its price fluctuations.
The screenshot covers the period from February 22, 2022 to present. At the beginning of this period, the account held 8,652 Bitcoins (BTC) while as of April 7, 2022, it allocated over 9,779 Bitcoins (BTC).
Thus, he/she purchased Bitcoins (BTC) in a wide price range: from $35,000 to $47,000. It seems that his/her confidence is becoming even stronger: in recent days, “daily” investments spiked over $1.2 million.
The dollar valuation of the assets held by the mentioned account increased from $326 million to $426 million; this equates to an increase of 30.67%.
Whales are buying again?
Also, the same analyst spotted a super-aggressive whale that increased its bags tenfold since early March 2022. By purchasing 500-1000 Bitcoins (BTC) daily, he/she increased his/her riches from $36 million to $434 million.
Commentators, however, admitted that it could be a middleman, not an avid holder convinced that the next phase of the Bitcoin (BTC) rally is approaching.
As covered by U.Today previously, in mid-March 2022, Bitcoin (BTC) whales were at a crossroads: the trend on buying or selling was not clear.
In recent days, amid a drop in Bitcoin (BTC) price, several Satoshi-era whale wallets have moved their coins, which is an alarming signal for Bitcoin (BTC) bulls.
