Bitcoin (BTC), like all other major cryptocurrencies, has failed to break its negative recession at the start of Q4 2022. However, some whales believe that dips are purchasing opportunities.
A Bitcoin (BTC) analyst and investor with the Twitter handle @Capital15C has revealed the Bitcoin (BTC) network data of an odd address.
On September 17, 2022, they began acquiring digital gold aggressively. Typically, they acquire Bitcoin for 100 to 200 coins. Their balance has grown from 21,799 BTC to 26,280 BTC.
In little than three weeks, the USD amount in this wallet surpassed $500 million. Despite its poor growth, the biggest cryptocurrency achieved a local high of almost $521 million two days ago.
Commentators on @Capital15C are speculating if this is the wallet of a super-wealthy individual or a Bitcoin-friendly neobank.
In the meanwhile, Bitcoin (BTC) sentiment remains very bearish. Its “Fear and Greed” index has been in the Extreme Fear zone since September 15, 2022.
Bitcoin (BTC) is trading at $19,489 on major spot trading platforms as of the time of publication, an increase of less than 0.6% in the previous 24 hours.