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- Mega whale buys more 4,118 BTC
- The Three Biggest BTC Whales Buy 5,300 Bitcoins in January
- Bitcoin Can’t Beat Gold: CEO of Second Largest Gold Miner
According to data shared by Twitter user @Diditaihuttu with his 45.8k followers, a mega Bitcoin whale owns 122,000 Bitcoins, bought more Bitcoins throughout 2021 and accelerated buying in May. 11 years ago.
Since then, this whale has purchased over 4,000 Bitcoins, adding them to their crypto wealth.
The last time this huge whale (122k bitcoins) was sold #bitcoin is November 8, 2021. At that time, he sold 1500 $BTC and then he just bought!!! pic.twitter.com/U8IfRdwItH
– Didi Taihuttu ALLIN💥 (@Diditaihuttu) January 10, 2022
Mega whale buys more 4,118 BTC
According to BitinforCharts, whale address 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, according to BitinforCharts, currently holds a total balance of 122,972 Bitcoins, equivalent to $5,179,111,161 USD in fiat money.
Over the past few months, since November, this whale has purchased Bitcoin vaults ranging in size from 120 to almost 500 BTC.
According to @Diditaihuttu, who shared a screenshot of the whale’s purchase, the large Bitcoin holder made only one sale of 1,500 BTC. Besides, whales are just taking more of the top cryptocurrency.
The Three Biggest BTC Whales Buy 5,300 Bitcoins in January
As reported by U.Today last week, three of the largest Bitcoin holders were holding Bitcoin at the drop, buying more than 5,000 coins.
According to Chinese crypto journalist Colin Wu, who shared that data from BitinforCharts, those three whales are on the list of the top 50 BTC holders.
They bought 1,455; 3,000 and 867 BTC. Back on January 7, that amount of Bitcoin made up a whopping $225,204,067. However, another major wallet sold 4,250 Bitcoins.
Wu pointed out that those three wallets are not marked as belonging to any crypto exchange.
Bitcoin Can’t Beat Gold: CEO of Second Largest Gold Miner
The CEO of Barrick, the world’s second-largest gold miner, told Bloomberg that in his opinion, gold is likely to hold first place as a hedge against inflation. with Bitcoin. He said that demand is for gold and jewelry, rather than cryptocurrencies and BTC in particular.
Mark Bristow believes that, most likely, gold will trade between $1,750 and $1,800 per ounce.
Bitcoin is currently trading at $42,000 after falling from the $46,500 region last week, alongside Ethereum and many other cryptocurrencies.
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