Bitcoin Whales Valued at $7 Billion Amid Price Fall

Bitcoin Whales buys over 100,000 BTC valued at $7 billion.

[{"selector":"#anim-404a0a37-f978-4023-aa5a-93f23b95c1c0","keyframes":{"transform":["translate3d(-140.99999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b4c3db8-5bfc-4de5-87fd-e40415e0ca34","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f48c6d6f-f51e-4150-a437-d82604948c75","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

This hints at the possibility of an impending upward trend and sparks speculation about Bitcoin’s market trajectory.

[{"selector":"#anim-320b40e0-1d07-4f92-89d1-b84f11dd15cd","keyframes":{"transform":["translate3d(-152%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f59505e-7768-4087-8d34-935f4327044a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9eb5c7dc-3eec-427d-b21f-45aff304a18e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Despite this aggressive accumulation by whales, the price of Bitcoin has faced a downturn falling below the $70K mark.

[{"selector":"#anim-bb324536-f973-421a-acc7-8a10f0503755","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-833131e6-3b94-44af-9e58-3845685b9fdd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4ee8055-de2c-436f-9893-4647804be8a8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

According to CoinMarketCap, Bitcoin opened the day at $71.22K but dropped to an intraday low of $69.448K, eventually stabilizing at $69.77K.

[{"selector":"#anim-1c5d9d1d-7127-4be8-9e96-5deaafc41f8e","keyframes":{"transform":["translate3d(-152%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c55f3582-62b3-4c7b-a418-a7848e4e25df","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a01c261-43c2-4b43-b9f3-32ac0a77467b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

This aggressive investment maneuver by such key market participants is viewed as a strong endorsement of Bitcoin’s long-term value.

[{"selector":"#anim-dbb2e1bc-7e5b-47e0-91b0-5259f421ff58","keyframes":{"transform":["translate3d(-146.22223%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc4a3761-bfb3-4803-a8ca-03d2f0b34080","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-feb68ed9-917b-47e4-8a9b-3f44306226ba","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]