The cryptocurrency whale with wallet "bc1qgf" has continuously accumulated over 1,800 BTC since mid-July.
The latest transaction of this whale is the purchase of nearly 120 BTC, bringing the total accumulated BTC to over 1,841 BTC with a value of about 216 million USD, according to data monitored by Lookonchain.
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The whale "bc1qgf" has continued to buy nearly 120 BTC in the last 3 hours.
A total of 1,841.2 BTC has been purchased since July 18 at an average price of 117,310 USD/BTC.
The accumulated transaction value is approximately 216 million USD through FalconX.
Who is the whale "bc1qgf" and how have they operated in the BTC market?
Based on data from Lookonchain, the whale with wallet "bc1qgf" is a major buyer with transactions worth hundreds of millions of USD through the FalconX platform. They have a long-term accumulation strategy over multiple rounds since mid-July.
Specifically, since July 18, this whale has purchased a total of 1,841.2 BTC, demonstrating strong confidence in the leading cryptocurrency. The consistent buying action indicates an accumulation purpose rather than short-term speculation.
This strategy can impact the market due to large transaction volumes, reducing the circulating supply on exchanges and potentially influencing prices in subsequent periods.
How did the latest transaction of the whale occur and what does it mean?
In the most recent purchase, wallet "bc1qgf" added 119.8 BTC worth approximately 13.87 million USD, demonstrating continued strong investment in Bitcoin.
This activity occurred just 3 hours before the information was recorded, demonstrating commitment to the long-term accumulation strategy. The average purchase price of 117,310 USD/BTC shows that the whale is not afraid to buy even though the price has been higher than in many previous periods.
Regular buying will support a stable or rising price trend, while also reducing strong volatility due to the shrinking supply in the market.
What impact does this whale's large-scale BTC accumulation have on the cryptocurrency market?
The participation of large whales like "bc1qgf" often attracts market attention due to the large transaction volumes that can impact the supply and price of Bitcoin.
When whales increase their holdings, the amount of BTC traded in the market decreases, which can exert upward price pressure in the short and medium term. However, it is also necessary to monitor subsequent selling or conversion activities to accurately assess the long-term impact.
Professional and institutional investors often closely monitor such transactions to adjust strategies in line with market trends.
Frequently Asked Questions
How much BTC has the whale "bc1qgf" purchased in total since July?
This wallet has purchased a total of 1,841.2 BTC since July 18, equivalent to approximately 216 million USD.
What is the average price this whale paid for BTC?
The average purchase price is around 117,310 USD per BTC.
How much BTC was in the latest transaction of wallet "bc1qgf"?
The most recent purchase was 119.8 BTC, equivalent to 13.87 million USD.
What impact does the whale buying a lot of BTC have on the market?
Large transactions reduce circulating supply, which can drive BTC prices up or stabilize them.
What platform is used to execute these transactions?
The whale has purchased BTC through the FalconX exchange.
Source: https://tintucbitcoin.com/ca-map-gom-1198-btc-tri-gia-216-trieu/
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