Binance buys the dip adding over 43k BTC to its wallet
Along with other whales
While the cryptocurrency market continue to crash this week, Bitcoin whales didn’t hold back from buying the dip.
Data from Bitinfocharts reveals that the third-largest Bitcoin address took full advantage of Bitcoin’s current price volatility after it purchased 551 BTC on Tuesday. To date, the whale holds 120,845.57 BTC, which is worth over $5.6 billion.
An address belonging to Binance also bought 43,000 BTC on the same day at an average price of $46,553.68, bringing the wallet's total value to a total of 121,396 BTC or around $5.5 billion.
Some users on social media questioned if Binance really owned the wallet, but back in 2019, the exchange confirmed ownership of the address.
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