According to COINOTAG's report on May 3, the cryptocurrency market has experienced significant volatility, with a well-known whale address recently withdrawing 20.69 Bitcoin from Binance, worth nearly 1.99 million dollars. In the previous week, the whale address increased its holdings by 197.15 Bitcoin, with an average acquisition price hovering around 93,890 dollars per Bitcoin. Currently, the total amount held by this address is 570.74 Bitcoin, worth approximately 54.81 million dollars. Such activities highlight the growing trend of significant participants consolidating their positions in the cryptocurrency space, reflecting ongoing market dynamics and strategic portfolio management. Investors should closely monitor these movements, as they often indicate potential trends in the broader cryptocurrency domain.
