Some whales have been buying the most popular cryptocurrency in the world at the bottom as it continues to drop.
According to the Analytics X account @OnchainDataNerd, four anonymous cryptocurrency wallets made a staggering purchase of 2,603 BTC, or almost $166.2 million, a few hours ago.
The biggest US cryptocurrency exchange, Coinbase, is where the Bitcoin was bought and then removed. An interesting, although puzzling, detail was revealed by the analytics account: three of these wallets share the identical amount of 762.8 BTC following the withdrawal. The approximate value of that quantity of Bitcoin is $48.77 million.
https://x.com/OnchainDataNerd/status/1785249472563564915
As of the moment this post is written, Bitcoin is trading around the $60.820 zone, having seen a 6.18% decline from $64,560.
Experts surmise that the causes behind Bitcoin’s continued decline include the employment report’s lower-than-expected results and the chance that former Binance CEO CZ will serve a three-year prison sentence.
