Bitcoin’s third largest whale buys another $ 137 million worth of BTC at $ 50,000

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The third largest BTC whale racked up over 2,700 coins in one day as the cryptocurrency surpassed $ 50,000. The mysterious entity has bought more than 5,600 BTC in the past two weeks.

CryptoPotato frequently reports the behavior of this particular whale which tends to sell when the price of the cryptocurrency has risen in recent times and accumulates when it cools. Over the past few days, BTC has more than cooled, falling from $ 58,000 to $ 42,000 on Saturday. However, the whale remained relatively silent during this crash and made no purchases, at least in this known wallet. As BTC began its recovery and recovered $ 50,000 earlier in the day, the entity began to accumulate. They bought 2,702 coins at an average price of $ 50,621, meaning they had spent almost $ 140 million. As CryptoQuant analyst VentureFounder pointed out, the whale has accumulated 5,624 bitcoins since November 22, worth $ 290 million at today’s prices. Further, VentureFounder added that it was “officially the largest number of bitcoin ever held in this wallet: 118,017” because this whale has spent around $ 2.5 billion. The previous record was in July of this year, when assets fell around and below $ 30,000.

You’ve already bought 8,117 #BTC in the $ 50,000 range since the November correction, BTC dropped <$ 50,000 suddenly, what do you do?

The 3rd largest #Bitcoin whale wallet: BUY an additional 2,702 BTC in one day.

This #whale wallet added $ 2,702 BTC today at $ 50.6,000 for a whopping total of $ 136.7 million. pic.twitter.com/BlbcgpKbrR

– venturefounder (@venturefounder) December 7, 2021

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