Whales Purchase $1.24B in Bitcoin During Price Drop

Bitcoin Whales Seize Opportunity: Over $1 Billion in BTC Snapped Up

In a strategic move, Bitcoin whales have amassed over $1 billion in BTC, capitalizing on its recent price dip, according to IntoTheBlock, a leading crypto analytics firm. These substantial holders, owning more than 0.1% of the total BTC supply, acquired 19,760 Bitcoins valued at $1.235 billion, with an average purchase price of $62,500 per coin. IntoTheBlock underscores that such significant accumulations often signal potential rises in Bitcoin's price.