Horrifyingly Delicious! These 3 Bitcoin Whales Are Selling Over 5,300 BTC When The Price Drops

JAKARTA – In the last few days, the price of Bitcoin experienced a significant decline which caused massive losses for investors. However, this moment became the best moment for the whales who bought up thousands of BTC on January 7, 2022.

A Chinese journalist Colin Wu who often covers all things blockchain and crypto recently posted a tweet about the massive buying of Bitcoin by crypto whales. He reported that there were 3 whales who bought BTC in large quantities, but there was also 1 whale who sold his Bitcoin holdings.

According to BitInfoCharts, in January 7th, the 33rd largest Bitcoin address increased 3000 BTC, the 34th increased 1455 BTC, the third increased 867 BTC, the 32nd reduced 4,250 BTC. None of the above addresses are marked as exchange addresses. https://t.co/he2xQpd553

— Wu Blockchain (@WuBlockchain) January 7, 2022

Based on a report from U.Today, data from BitinfoCharts reveals that Colin Wu revealed that 3 of the top 50 BTC whales had bought 5,322 BTC of Bitcoin. The 33rd largest Address Wallet adds 3,000 Bitcoin holdings to BTC. Meanwhile, the ownership of the 34th wallet address has increased to 1,455 BTC. While other wallet owners bought 867 Bitcoins.

The total amount of Bitcoin the three whales bought was 5,322 BTC worth 225,204,067 million US dollars (equivalent to Rp. 3.2 trillion). In addition to the massive purchases made by the three whales, there is 1 whale that sells Bitcoin in large quantities, namely 4,250 BTC. Furthermore, Wu revealed that the four owners of the wallet address were not any crypto exchange.

As data shared by CryptoQuant, Bitcoin ELR (Estimated Leverage Ratio) on digital exchanges has reached an all-time high of 0.026. This proves that there are many investors who are increasing their exposure to leading global cryptocurrencies by taking high leverage.

Even so, the identities of the whales who bought up and sold Bitcoin in large quantities as mentioned above were not revealed, even though Wu explicitly said the four were not crypto exchanges.