Bitcoin Whale Accumulates 600 $BTC, Taking Holdings to $144.82M in 2 Weeks

Bitcoin Whale Sees $63M in Unrealized Gains in a Recent Buying Spree

Lookonchain mentioned that the buying spree of the whale has led to substantial unrealized gains of up to $63M. This denotes a huge confidence in the long-term price potential of Bitcoin. The respective activity obtained significant attention from the overall crypto community, especially as Bitcoin expresses resilient key support levels. Hence, it can result in a likely bullish breakout.

It is surprising to see that whales are still accumulating Bitcoin despite a price surge. The only possible reason for this is FOMO after the current price surge which has taken $BTC above the $72,000 mark.

In line with the on-chain data, the whale is actively purchasing $BTC in substantial amounts. This mirrors a timely approach toward market entrance. As Bitcoin is witnessing a relatively stable market outlook, the recent buy-in indicates a trend of accumulation by the whales amid market consolidation phases. This anticipates a likely price appreciation for Bitcoin.

Some Interpret Whale’s Accumulation as a Bullish Sign for the Market