A Bitcoin (BTC) whale known for anticipating several market crashes is turning heads amongst crypto traders once again.
The whale owns the largest non-exchange BTC address in existence, according to BitInfoCharts.
In early October, ahead of a Bitcoin downturn that saw the price of the top crypto asset drop 11% from $66,711 to a low of $58,878 by the end of the month, the whale address began moving BTC at a rapid rate.
Now, after Bitcoin’s major retracement this month, the whale appears to be accumulating BTC. Crypto traders on Twitter are taking notice.
Feeling bearish as we are on support before weekly close?
The single biggest non-exchange Bitcoin wallet added over 4k BTC during this dip.
And he has a good track record of nailing local tops & bottoms.
Whoever that is, they know what are they doing.
Do you? pic.twitter.com/Ug5DT5b10m
— Bloodgood (@bloodgoodBTC) November 19, 2021
On November 12th, the whale bought 1,123 BTC, then 207 more on the 15th. The following day, the whale accumulated 1,647 more BTC before purchasing 700 and 484 BTC on the 17th and 18th, respectively.
The whale has amassed 4,066 BTC, worth about $240,000,000 at time of writing, since November 12th, bringing the wallet’s total to $6.2 billion worth of Bitcoin.
Bitcoin is currently exchanging hands at $58,282, an 4% increase from its 24-hour low of $55,927.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Tuso chakma/Natalia Siiatovskaia