Who is the Mystery Bitcoin Whale Buying the Dip?
Flicking through Twitter last night, I came across an article by my old friends at Zero Hedge. Now I know that their conspiracy theories are not everyone's cup of tea, but their highlighting of a mystery Bitcoin whale dip buyer isn't a theory and is certainly worth taking note of.
I tweeted the following Bitcoin daily chart, on which you can see the area where this so called whale last bought the dip:
BTC/USD Daily
I was personally looking at the intraday charts for a simple retest of short term previous resistance as support:
BTC/USD 15 Minute
But the fact it's back into the zone where we have whale buying, it's even more juicy and I'm expecting a continued rip from the area as a result. I don't think price wants to fuck with someone buying this much size when we know that the big Mt Gox seller is having a rest.
Thanks to Zero Hedge again for the following charts, but you can see that the buyer with the Bitcoin address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 bought $344,000,000 worth of Bitcoin from the 9th to 12th of February.
Jesus, right...
He's essentially doubled down and added nearly 41,000 coins for a new total of 96,000 coins. This is all up worth somewhere around $900,000,000.
Jesus fucking Christ!
Check out this chart of the account balance showing his accumulation:
This makes our Mystery Bitcoin whale who is buying the dip, the new number 3 on the top 100 richest Bitcoin address in the world:
Anyway, that's a MASSIVE account being built now. Who's going to speculate that it's someone like Goldman?
Best of probabilities to you.
Peace ✌🏻.
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