The Bitcoin whale accumulates 344 million dollars from BTC, as the price decreased to less than 90 thousand dollars

Bitcoin, known as “Spoofy”, acquired more than 340 million dollars from BTC on Excination BitFinex, as the Bitcoin price fell to less than $ 90,000.

On February 27, members of society I mentioned The whale has accumulated 4000 Bitcoin (BTCWhile the original is between 82,000 dollars and 85,000 dollars. The value of the situation is about $ 344 million at the current BTC price.

Saint encryption analyst Pump It was identified The whale as Spoofy, is considered one of the largest traders in space.

The entity known as Spoofy has The date of influence on the bitcoin markets. In 2017, the trader was accused of engaging in illegal manipulation in the market by setting great offers with the intention of canceling before implementation – a practice known as “Spoofing”.

Bitcoin plays Spoofy

During the collapse of Luna and FTX in 2022, which contributed to the prolonged bear market, Spoofy took advantage of the collapse through BTC assembly. Saint SPOOFY said Purchase 70,000 Bitcoin, while the price ranged between $ 40,000 and 16,000 dollars.

Then the whales sold the holdings between 2023 and 2024, as BTC recovered between $ 40,000 and $ 70,000.

Recently, Spoofy built 24000 BTC on 2024 before the sale when prices rose to $ 70,000 -108,000 dollars during a feeding march by the supportive position of US President Donald Trump.

Related to: Ethereum tops $ 2.9,000, says Eric Trump, “It is a great time to add ETH.”

Bitcoin’s largest losses are the beginners encryption

While veteran merchants such as Spoofy benefit from Bitcoin market accidents to accommodate more Sats, new investors often panic and sell at a loss.

Founder Cryptoquant Ki Young Joe He said That is, the sales of panic at the present time may be just “NoB”. He said that 30 % correction is typical in the bull bitcoin cycle. Joe pointed out that the price decreased by 53 % in 2021 before recovering to the highest new level ever. JU added that the purchase of low and low sale is “the worst investment strategy.”

Modern data from Blockchain Glassnode analyzes supports JU phrases. On February 27, Glassnode participated that more than 2.16 billion dollars of the losses achieved came from the latest market participants. Glassnode data showed that the largest registration was one of those who bought Bitcoin last week.

Glassnode also Proposal These losses are from those who carry bitcoin for three months to a year “remains minimal”. Those who carry three to six months lost about 6.5 million dollars, while those who carry six to 12 months lost about 3.2 million dollars.

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