Dormant Whale Resurfaces: Accumulates $46.8M in BTC Despite $46M Loss
After a six-month hibernation, a giant Bitcoin whale has made a splash once again by accumulating 750 BTC, worth $46.8 million, from Binance today. This whale, with a staggering total holding of 10,158 BTC ($681 million), had remained silent for months but is now back in action.
However, despite its bold move, the whaleâs position has taken a significant hit. At the current market price, the whale has lost more than $46 million on its Bitcoin holdingsâan enormous reminder of the crypto marketâs volatility.
The wallet address, 1L7gnfBJhK9ZwUcw2Lx93BPHmcd1tsxeTs, is now under intense scrutiny as analysts wonder: whatâs next for this whale?
Will it keep accumulating, or is this the beginning of a new strategy?
