After the price of Bitcoin hit a vital support level of $50,000, the third-largest Bitcoin holder on record added a whooping BTC 2,700 to their wallet, worth $137 million. Bitcoin whale accounts have been aggressively selling over the last week, especially following the massive drop on Saturday, and have played a key role in bringing the most popular cryptocurrency above $50,000. However, going against the grain, on-chain monitoring resources claim that this specific whale transaction is one of the largest in recent memory.
The whale, originally seen by BitInfoCharts and reported by CoinTelegraph, has been buying Bitcoin on a regular basis over the past month, but the most recent purchase of 2,700 Bitcoin is one of the largest for the whale. "This is officially the biggest quantity of Bitcoin EVER owned in this wallet: BTC 118,017," according to VentureFounders. "In all, the whale has spent $2.5 billion into buying BTC with an average cost base of $21,160 per...