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Mystery Bitcoin whale has allotted nearly 5,000 BTC since mid-September

Vladislav Sopov

The veteran Bitcoin (BTC) investor and analyst noted the account of a very confident large owner

contents

  • $500m whale continues to buy: analyst
  • “Extreme Fear” dominates the boring market

Just like all other major cryptocurrencies, Bitcoin (BTC) failed to exit its bearish recession early in Q4 2022. However, some whales are certain that dips are for buying.

$500m whale continues to buy: analyst

The anonymous Bitcoin (BTC) analyst and investor, known as @Capital15C on Twitter, has shared statistics of an unusual address on the Bitcoin (BTC) network.

Buy #Bitcoin like this guy 👇 pic.twitter.com/v3hf1B5a2e

— CC15Capital 🇺🇸 (@Capital15C) October 8, 2022

As of September 17, 2022, they have been aggressively buying digital gold. Mostly they buy BTC for 100-200 coins. Your net balance has increased from 21,799 BTC to 26,280 BTC.

In less than three weeks, this wallet’s USD balance exceeded $500 million. Despite the pale performance of the largest cryptocurrency, it hit a local maximum of over $521 million two days ago.

To sue

As previously reported by U.Today, September is typically the most painful month for Bitcoin (BTC) based on multi-year observations.

“Extreme Fear” dominates the boring market

Commenters from @Capital15C are guessing whether it’s a wallet owned by a super-rich private owner or the custodian of a bitcoin-friendly neobank.

Meanwhile, Bitcoin (BTC) sentiment is far from optimistic. As of September 15, 2022, his Fear and Greed Index remains in the Extreme Fear zone.

At press time, Bitcoin (BTC) is changing hands at $19,489 on major spot trading platforms, up less than 0.6% over the past 24 hours.

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