EDIT: The wallet sold so much that it's at 4th position, no longer "No. 3"
EDIT 2: 61k BTC has moved out the past 2 days. The wallet now has less total BTC than in 2021
For those who do not know, "Whale No. 3" is a well-known holder of bitcoin and has gotten famous due to the sheer amount of BTC and anonymity. You can check out their holding here
https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
That wallet currently holds over 117k BTC (valued at 2.6 billion USD). Nobody knows if this whale operates as an individual or an institution but it has been active for multiple market cycles.
Over the cycles, the whale has been rather accurate in the local tops and bottoms. During the summer lulls of 2021, it was accumulating. Then it started selling into Q4 of 2021. Some people keep 24/7 tabs on the whale's wallet activity using it as buy/sell signals. Sometimes the whale gets things wrong and loses (millions of USD ouch), but more often than not it gains huge.
a c c um u l a t e
During the past 1 month, when everyone was insanely bearish calling for 10-12k BTC, the whale was accumulating loads of BTC. Summing up to over 5k BTC. Congrats to people who followed the whale's decision.
yo chill out man
Today, it has just moved 15.5k BTC out of the wallet. It could be just a movement, but highly likely it's a sell. We are currently at major resistances at multiple timeframes, and this huge movement is piling onto the indicators.
Well we all know nobody knows shit about fuck, I'm just here to report something which this sub doesn't seem to pay much attention to.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments