Whale Purchased Again After the Rise in Bitcoin: He Has Been Accumulating From The Top For 2 Months!

The cryptocurrency whale attracted attention by purchasing a large amount of Bitcoin (BTC).

A whale, who took action shortly after the USA announced the CPI data, bought millions of dollars of Bitcoin. According to data provided by the on-chain analysis platform Lookonchain, the whale in question purchased 102 Bitcoins worth $6.72 million on May 16.

This multi-million dollar purchase was not the whale's first transaction. The same whale has accumulated 3,385 Bitcoins worth $232.15 million since March 6, at an average cost of $68,579.

At current prices, Whale is positioned at a loss of $8.08 million from its Bitcoin investment. Continuing his purchases despite this serious damage revealed his obvious expectation that Bitcoin would rise to higher levels.

According to CoinGecko data, Bitcoin, which has increased by 6.8% in the last 24 hours, is traded at $66,320 at the time of writing.