{"id":139175,"date":"2024-10-09T17:00:29","date_gmt":"2024-10-09T14:00:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139175"},"modified":"2024-10-09T15:13:23","modified_gmt":"2024-10-09T12:13:23","slug":"bitcoin-whale-invests-almost-47-million-despite-losses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-whale-invests-almost-47-million-despite-losses\/","title":{"rendered":"Bitcoin Whale Invests Almost $47 Million Despite Losses"},"content":{"rendered":"
On-chain analytics platform Lookonchain<\/a><\/strong> reported that this acquisition, valued at approximately $46.8 million, has raised the whale\u2019s total Bitcoin<\/a><\/strong> holdings to 10,158 BTC, worth around $633 million at current prices.<\/p>\n This transaction marks a resumption of activity after a six-month lull for the wallet. The address reactivated yesterday by withdrawing 250 BTC (around $15.5 million) from Binance, indicating a shift toward a new accumulation strategy.<\/p>\n Notably, the whale\u2019s average purchase price for its Bitcoin exceeds the current market rate. Lookonchain noted that the 10,158 BTC were acquired between March 14 and April 13 at an average cost of $67,026. With Bitcoin\u2019s present value below that figure, the wallet is sitting on an unrealized loss of over $46 million.<\/p>\n