Giant Bitcoin Whale traded 3rd at 2,700 BTC with a total value of $ 6 billion

Not all of the major crypto executives chose to sell or sit this week. One of the most popular wallet products will cost $ 137 million in bitcoin again, according to blockchain data from investment arm BitInfoCharts.

Bitcoin (BTC) fell back to US $ 50,000 overnight, making it one of the biggest wallets to buy today for $ 137 million in tokens.

Blockchain data from BitInfoCharts, a snapshot of the chain, describes the unique process of "hunting" the big whale BTC.

Giant Whale-Hunted Dip Thiab Launched $ 137 Lab

After BTC / USD hit an all-time high of $ 69,000 last month, bag holders bought 2,700 BTC overnight, bringing their total BTC pool to 118,017.

As the famous founder of Twitter Venture pointed out, the exchange has propelled the BTC balance to "unbelievable" levels.

The account tweeted: “The biggest BTC in this wallet is 118,017 BTC. The huge whale has invested a total of $ 2.5 billion to buy BTC, with an average value of $ 21,160 per BTC. " .

"The second BTC buy data will be released in July 2021."

This behavior goes against the general trend since last Friday, when giant whales deposited BTC on the exchanges.

Venturefounder added that there is no clear evidence that the wallet is for investors, but that it functions differently from participating organizations such as wallet exchange or finance. - Cumulative temporal trend ".

Altcoins are bouncing way beyond Bitcoin

As the Cointelegraph reports, there is still controversy over whether BTC will ever exit the bottom or if the token will cause another crash.

The strong rally in large altcoins reinforces some people's belief that the so-called “home season” could occur when BTC consolidates.

ETH rebounded 11.4% on Tuesday, outperforming BTC / USD and several other large-scale altcoins in a similar range.

Data from Cointelegraph Markets Pro and TradingView confirm that ETH / BTC hit its highest level overnight since February 2018.

The author of Cointelegraph, Micha? L van de Poppe added that "the best time to buy altcoins is now a few weeks", adding that BTC "could be lower".