The Bitcoin Whale Who Seems to Ace the Market Top and Bottom Has Accumulated 4K BTC

Published by
The Bitcoin Whale Who Seems to Ace the Market Top and Bottom Has Accumulated 4K BTC

The cryptocurrency market is down nearly 20% from its top in October as the overall market cap slumped from $3 trillion to $2.53 trillion. Barring a few tokens, especially metaverse tokens and gaming tokens defied market trends. However, top cryptocurrencies be it Bitcoin (BTC) or Ether (ETH) all were trading in red.

The ongoing market correction has also instilled fear among Bitcoininvestors who were hopeful of a bullish final quarter after the May-June market crash. The fear and greed index which was at “Extreme Greed” level at the start of the month has sharply fallen in the “Fear” catogery.

The current market downturn is being attributed to the recent approval of the controversial Infrastucture bill and another wave of crypto crackdown in China. Amid growing fear in the crypto market, one Bitcoin whale has managed to attract a lot attraction over the past couple of weeks. The whale in question is believed to be have aced crypto market tops and bottoms in the past with their buying and selling pattern. The same BTC whale has accumulated over 4,000 BTC over the past week, which is a highly bullish sign.

Advertisement

Bitcoin Whale in Possesion of Biggest Non-Exchange BTC Wallet

The Bitcoin whale is in possession of the biggest non-exchange Bitcoin wallet and has been on a buying spree during the current market correction. Tracking whale activity has been one of the biggest market tend indicator, and looking at the growing accumulation along with their past record many market pundits belive traders should be following on the same footsteps instead of panicking.

Source: Twitter

Bitcoin is currently trading just above $57K with a 3% loss over the past 24-hours and over 10% loss in the past week. The market volatility has come back to haunt the crypto market again, however, people need to realise that the same volatility often helped them to make 10X on their investment in just couple of months.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Uncategorized

Bitcoin Crash Incoming? Tom Lee Backs Peter Brandt’s 50% Decline Prediction Despite Strong ETF Inflows

BitMine’s Tom Lee and veteran trader Peter Brandt have both warned of a potential 50%…

October 24, 2025
  • News

Breaking: JPMorgan Enables Institutions to Use Bitcoin, Ethereum as Collateral

In a ground-breaking Bitcoin news development today, financial giant JPMorgan on Friday said it plans…

October 24, 2025
  • News

Changpeng Zhao Comeback? PolyMarket Set 62% Odds of Binance Return by December Following Trump Pardon

In fresh developments, there has been growing speculation that Changpeng Zhao (CZ) could return to…

October 24, 2025
  • News

Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today

Traders are bracing for another crypto options expiry and US CPI inflation release today, with…

October 24, 2025
  • News

Why is Crypto Market Up Today (Oct 24)

The crypto market is glowing green as bullish sentiment returns. This comes amid positive developments…

October 24, 2025
  • News

Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details

21Shares updates its Sui ETF application with the U.S. Securities and Exchange Commission (SEC). The…

October 24, 2025