Despite the recent price action of Bitcoin (BTC), whales continue to buy and hold BTC.
Big investors are buying Bitcoin and increasing their positions every day despite the current uncertainty in the market. Indeed, there is a Bitcoin whale allocating $1 million worth of Bitcoin every day. This shows that these investors have positive thoughts about the future of BTC.
These big Bitcoin whales buy Bitcoin daily, regardless of price or Bitcoin’s performance in the market. And they are buying more and more tokens every day.
As reported by BitInfocharts, there is a Bitcoin whale that buys $1 million worth of Bitcoin daily. He buys close to 25 BTC every day and adds that money to his wallet. It does not take into account the price fluctuations during these purchases. This was spotted by crypto enthusiast C15Capital (@Capital15C) on Twitter:
This whale He has been buying Bitcoin for a long time. Indeed, since February, this investor continues to add more BTC to his Bitcoin reserves. He held over 9700 BTC at the time of writing. At current prices, that equates to $412.5 million.
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