Crypto Whale Buys Nearly 40 Billion Worth of Bitcoin During Recent Market Downturn

From the activities of large Bitcoin holders (or so-called whales), we can conclude that the future of cryptocurrencies looks bright.
Recently, during the last economic recession, one major investor was
buying
6,070 BTC at an approximate value of $395 million, at an average purchase price of around $65,074 per token.


The same whale, with the address
”
3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN
”
acquired 41,000 BTC during the bear market of 2022, totaling $79.4 billion (with an average purchase price of around $19,000).
The investor then sold 37,000 BTC in 2023 and 1,740 BTC at a price of $46.8 billion (with an average price of $20,24). This move brought incredible profits of over $100 million.
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What is interesting about this whale is that, considering he bought at the bottom and sold at the peak, most of his moves were extremely accurate.
The latest transaction of 6,070 BTC is the investor’s first purchase in a year and a half.
At the time of writing this article, the Bitcoin trading price is around $65,220, with no significant fluctuations in the past 24 hours, and a trading volume of $21.19 billion.