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Bitcoin Whales Keep Adding BTC to Their Portfolios

Bitcoin whales, or large Bitcoin investors, are continuing to add to their holdings. Basically, they’ve been buying BTC for the past few weeks, and they’ll buy even more if the price drops. One of the greatest Bitcoin investors — the third-largest Bitcoin whale – has increased his holdings by about $29 million in BTC.

Large investors and Bitcoin holders continue to add to their holdings. The third-largest Bitcoin holder currently owns about $5 billion worth of Bitcoin, according to BitInfoCharts. This wallet now holds 126.342 BTC, or more than 0.60 percent of the entire Bitcoin supply (21 million BTC).

This Bitcoin investor’s most recent purchases occurred after Bitcoin plummeted below $39,000 in recent days. The market is experiencing high volatility as a result of the situation in Ukraine (Russian invasion), inflation data from several nations, and conventional financial market instability.

There is currently no information available about the wallet’s owner. The wallet, on the other hand, has been adding Bitcoin for months and continues to do so whenever the price falls. Large holders appear to be keeping an eye on the market and weighing whether or not to add Bitcoin to their portfolio on a regular basis.

Binance is the owner of the largest wallet, which presently holds close to $10 billion in Bitcoin (252,597 BTC). Meanwhile, Bitfinex’s cold wallet contains 168,010 bitcoins (worth $6.51 billion).
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