Bitcoin Whale Makes $200M BTC Purchase as Another Awakens After 8-Year Dormancy

A major Bitcoin whale has recently purchased $200 million worth of Bitcoin (BTC), coinciding with a rebound in the cryptocurrency’s price. Meanwhile, another whale wallet has awakened after eight years of inactivity, moving a significant amount of Bitcoin.

Massive Bitcoin Whale Adds $200 Million in BTC

Blockchain analytics firm Arkham Intelligence reported that a prominent Bitcoin whale added 2,400 BTC—valued at over $200 million—to its holdings on March 24. This whale had previously sold more than 11,400 BTC in recent months when Bitcoin prices ranged between $86,000 and $100,000.

Currently, the whale holds over 15,000 BTC, worth approximately $1.3 billion at today’s prices. Arkham noted that the whale withdrew the newly acquired Bitcoin from Binance.

Bitcoin’s price has recently rebounded, trading between $81,000 and $88,000 over the past week, marking a 3% increase on March 24 after hitting a low of $76,900 earlier this month.

Another Whale Awakens After 8-Year Dormancy

In a separate event, another Bitcoin whale wallet became active after eight years of dormancy, transferring over 3,000 BTC—worth around $250 million—in a single transaction on March 22. Arkham Intelligence highlighted that this whale’s holdings grew from approximately $3 million in early 2017 to over $250 million today.

BlackRock Continues Bitcoin Accumulation

BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management, has also been steadily accumulating Bitcoin. Over the past week, BlackRock purchased an additional 4,054 BTC, bringing its total holdings to 573,878 BTC, valued at over $50 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) recently led a rally among U.S. spot Bitcoin ETFs, recording net inflows of $744.4 million, breaking a five-week streak of net outflows.

Ethereum Whale Also Active

Crypto whales aren’t limited to Bitcoin. An Ethereum whale recently added 7,074 Ether (ETH)—worth $13.8 million—to its holdings on March 21. Ether has traded between $1,876 and $2,097 over the past week, still significantly below its all-time high of $4,878 from November 2021.

Ethereum’s open interest reached a new all-time high on March 21, and the number of addresses holding at least $100,000 worth of ETH has increased notably since early March.

Quick Summary

• A Bitcoin whale purchased $200 million worth of BTC amid a recent price rebound.
• Another whale wallet moved $250 million in BTC after eight years of inactivity.
• BlackRock continues to accumulate Bitcoin, now holding over $50 billion worth.
• An Ethereum whale added $13.8 million worth of ETH as Ethereum open interest hits new highs.

For cryptocurrency trading, use MEXC
https://promote.mexc.com/a/xArevSON