Massive Bitcoin ( $80,933.00 ) whale buys $200M in BTC, another wakes up after 8 years

A massive Bitcoin ( $80,933.00 ) whale wallet holding has just added $200 million worth of Bitcoin ( $80,933.00 ) to its position after selling over 11,400 Bitcoin ( $80,933.00 ) over the last few months — coinciding with a recent rebound for the original cryptocurrency. 

The Bitcoin ( $80,933.00 ) (BTC) whale added 2,400 Bitcoin ( $80,933.00 ) — worth over $200 million — to their stash on March 24, blockchain analytics firm Arkham Intelligence said in an X post.

Data shared by the firm shows that despite some sales in February, after the latest purchase, the whale holds over 15,000 Bitcoin ( $80,933.00 ) in its wallet, worth over $1.3 billion, at current prices.

“A $1 billion Bitcoin ( $80,933.00 ) Whale just withdrew $200 million of Bitcoin ( $80,933.00 ) this morning from Binance,” Arkham said.

The whale started acquiring Bitcoin ( $80,933.00 ) five days ago after selling off its stash when Bitcoin ( $80,933.00 ) ’s price was between $100,000 and $86,000 in February. CoinGeck data shows on Feb. 1, Bitcoin ( $80,933.00 ) was worth over $104,000, but it steadily declined to hit a low of $78,940 on Feb. 28. 

The whale movement comes amid a recent Bitcoin ( $80,933.00 ) price rebound. 

Bitcoin ( $80,933.00 ) has been trading $81,000 and $88,000 in the last seven days, according to CoinGecko, with a price surge of 3% on March 24, distancing itself from its $76,900 low on March 11.

Bitcoin ( $80,933.00 ) whale wakes from slumber 

At the same time, another Bitcoin ( $80,933.00 ) whale has woken up after eight years of dormancy, moving over 3,000 Bitcoin ( $80,933.00 ) , worth $250 million, in one transaction on March 22.

“His Bitcoin ( $80,933.00 ) stack went from $3M in early 2017 to over $250M today — and he’s held Bitcoin ( $80,933.00 ) on one address for over 8 years,” Arkham said in a March 22 X post. 

Another huge Bitcoin ( $80,933.00 ) holder, BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, has been steadily accumulating more Bitcoin ( $80,933.00 ) over the last week as well, according to Arkham.

Across 15 transactions, the asset manager bought an extra 4,054 Bitcoin ( $80,933.00 ) , giving it a total stash of 573,878, worth over $50 billion, data on Bitbo’s Bitcoin ( $80,933.00 ) treasury tracker shows. 

BlackRock’s iShares Bitcoin ( $80,933.00 ) Trust (IBIT) also led a rally of spot Bitcoin ( $80,933.00 ) exchange-traded funds (ETFs) in the US, snapping a five-week net outflow streak by clocking a net inflow of $744.4 million. 

The bulk of net inflows came from BlackRock’s iShares, which recorded $537.5 million, followed by Fidelity’s Wise Origin Bitcoin ( $80,933.00 ) Fund (FBTC) with $136.5 million.

Bitcoin ( $80,933.00 ) whales weren’t the only ones accumulating more crypto. Lookonchain used Arkham data to track a lone Ether whale who added 7,074 Ether (ETH) to its stash on March 21, worth $13.8 million.

Ether has been moving between $1,876 and $2,097 in the last seven days, CoinGecko data shows. It’s still down over 57% from its all-time high of $4,878, which it hit in November 2021.

However, its open interest surged to a new all-time high on March 21, and the number of addresses with at least $100,000 worth of Ether started rising at the beginning of March, from just over 70,000 addresses on March 10 to over 75,000 on March 22.

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