Blockchain

Bitcoin bargain: 3rd-biggest whale address adds 207 BTC at $62K

Whales are broadly acting just like in the 2017 bull market, research suggests, as Bitcoin price action takes another breather.

Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior.

According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC.

Whales buy the dip

Despite falling 8% over the past 24 hours, Bitcoin remains a solid buy for its biggest investors.

For one address, now the third-largest with a balance of 193,433.46915660 BTC, it added the equivalent of $12.84 million to its balance at a price of $62,053 per Bitcoin. 

“As of now, this address has increased its holdings by 635 BTC in November,” journalist Colin Wu noted in comments on the event.

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