We all know that the cryptocurrency market has been turbulent over the last few weeks, but the price of Bitcoin has begun surging again and in the middle of all of this crypto chaos, someone purchased a huge $400 million worth of BTC.
The anonymous trader has a BTC address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64, with this person purchasing the large sum of BTC between February 9-12, taking their balance from 55,000 BTC to a huge 96,650. Who was it? Some say it was Wall St buying at the new bottom, which makes sense.
Jeff Koyen, president of 360 Blockchain USA said: "In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories. However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in".