le a cumpărat 3.706 BTC, ridicându-și totalul la 91.627 BTC. Această activitate arată că aceștia sunt încrezători în viitorul Bitcoin și nu sunt afectați de posibilele presiuni de vânzare.
The aftermath of Mt. Gox and the activity of Bitcoin whales
Over a third of the Bitcoin owed to the creditors of the defunct exchange Mt. Gox has been distributed, while large Bitcoin holders, known as “whales”, continue to buy continuously.
According to a post on July 17 by CryptoQuant on X (formerly Twitter), 36% of Bitcoin has been distributed to former users. The trustee still holds 141,686 BTC, which will be gradually distributed.
The total amount owed to approximately 127,000 Mt. Gox creditors exceeds $9.4 billion. These creditors have been waiting for over 10 years to recover their funds.
Crypto investors are concerned about the potential selling pressure that could be generated by these repayments, which could exert downward pressure on Bitcoin prices.
Whale activity amidst the distribution
Despite the potential selling pressure from the Mt. Gox repayments, Bitcoin whales continue to accumulate cryptocurrency. On July 17, one whale bought 3,706 BTC, raising their total to 91,627 BTC. This activity shows that they are confident in the future of Bitcoin and are not affected by possible selling pressures.
The Rise of Bitcoin Whales in the Market
A mysterious investor recently made headlines by purchasing 245 BTC, worth nearly $16 million. This address has only traded Bitcoin twice in the past year, generating over $30 million in profit from these transactions.
According to Lookonchain, the trading history of this whale includes buying 718 BTC at $29,385 and selling at $41,953 between August 9th and December 18th, 2023, resulting in a profit of $9 million. Additionally, between February 7th and June 20th, 2024, the whale bought 1,181 BTC at $48,822 and sold at $66,792, making $21.2 million.
Investors often monitor the buying patterns of whales to assess the market’s condition and identify potential long-term investment opportunities. The continuous accumulation by whales suggests confidence in the market, despite potential selling pressure from Mt. Gox reimbursements.