Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
10 hours to sweep 3,000 BTC, the whale's move is even more aggressive than institutions
According to the latest news, three wallet addresses purchased a total of 3,000 BTC 10 hours ago, with a total transaction value of approximately $280 million. Based on data from the on-chain monitoring platform Lookonchain, these three wallets may belong to the same whale. This transaction size far exceeds recent institutional buying activity and reflects strong current market demand for BTC.
Whale Purchase Scale Breaks Recent Records
Single purchase far exceeds institutional accumulation
Compared to recent institutional behavior, this whale’s purchase scale is quite significant. According to relevant reports, MicroStrategy bought 1,283 BTC last week, worth about $116 million. The 3,000 BTC purchased by this whale is 2.3 times MicroStrategy’s last week’s purchase, with a transaction volume reaching $280 million.
What does the purchase rhythm indicate
Completing the purchase of 3,000 BTC within 10 hours means an average of 300 BTC bought per hour. Such speed and scale of purchase usually occur under the following circumstances:
Institutional Accumulation Enthusiasm Continues to Rise
Last week, institutions increased their holdings by 5,891 BTC
According to Lookonchain’s weekly report, institutions accumulated a total of 5,891 BTC last week. Among them, MicroStrategy contributed 1,283 BTC, and BitMine increased its ETH holdings by 32,977 ETH. Although the total market cap of stablecoins decreased by $251 million, DEX spot and contract trading volumes improved, indicating increased market activity.
Whale purchases are a continuation of the institutional accumulation trend
This purchase of 3,000 BTC by the whale can be seen as further evidence of institutional enthusiasm. With BTC maintaining above $90,000, large funds continue to enter the market, indicating that long-term confidence in Bitcoin remains unchanged.
Market Impact Assessment
Potential impact on price
A single purchase of $280 million worth of BTC can generate some upward momentum in the current market. According to the latest data, BTC is priced at $92,795.12, with a 24-hour trading volume of about $5.367 billion. This purchase accounts for 5.2% of the 24-hour trading volume, exerting a certain market influence.
Insights for future trends
Summary
This large purchase of 3,000 BTC by the whale not only sets a new record for recent single transactions but also reflects ongoing optimism among institutions and major holders towards Bitcoin. Echoing the accumulation activities of MicroStrategy, MARA, and others, a clear trend of BTC accumulation is forming in the market. Although the true identity of the whale remains to be confirmed, their buying activity already demonstrates that confidence in BTC’s long-term value remains intact at current high prices. Future attention should be paid to whether such large-scale purchases will continue and their actual impact on BTC price movements.