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I noticed an interesting movement on the chain — one whale is active again. Over the past couple of weeks, this whale has purchased nearly 500 BTC through well-known market makers, totaling about $33 million. The average entry price was around $67,000 per coin, and just yesterday, he added another 245 BTC to his wallet.
Honestly, it's fascinating to watch how large whales continue to accumulate even when the price has gone up. They probably believe that this is not the peak yet. They use Galaxy Digital and Wintermute for this — trusted channels for large volumes.
Currently, BTC is trading much higher than the price at which the whale entered. Such whales usually know what they’re doing. I wonder how much more they plan to accumulate?