They’ve scooped up 1,955 $BTC for around $217.4M at an average price of $111,196 per coin. That brings their total holdings to a massive 638,460 Bitcoin, cementing their position as the ultimate Bitcoin whale.
Relentless accumulation continues
Yes this is relentless but some may say this is a lot weaker than their previous purchases. Would there be a point where their purchases would come smaller and smaller and less often? I mean until when will they keep buying? Their money isn’t indefinite as well.
There is no guarantee that they are going to continue buying and buying and buying. they have a buying strategy that they are working with and so far, they have managed to remain consistent with it even though they have accumulated quite an handful of bitcoin already.
When there's a reason to slow down, they will definitely do but that is not even a major concern. the big question is what happens when they eventually sells and stops buying? when a particular whale keeps buying and holds a reasonable quantity of bitcoin total supply, it tend to suggest that their sell decision is going to definitely affect the overall performance of the market.