A certain whale accumulated 4000 BTC after Bitcoin fell below $90,000

According to Cointelegraph, a Bitcoin whale purchased over $340 million worth of Bitcoin through CEX when the price of Bitcoin fell below $90,000.

On February 27th, community members reported that this whale had accumulated 4,000 Bitcoins (BTC) when the price was hovering between $82,000 and $85,000. Based on the current price of Bitcoin, the position is valued at approximately $344 million.

Crypto analyst Saint Pump confirmed that this whale is Spoofy who is considered one of the largest traders in the cryptocurrency field.

Spoofy has a history of influencing the Bitcoin market. In 2017, this trader was accused of participating in illegal market manipulation by placing large orders and intentionally cancelling them before execution - a practice known as spoofing.

During 2024 Spoofy established a position with 24,000 BTCs which were then sold off during an increase driven by former US President Donald Trump's pro-cryptocurrency stance where prices soared to between $70,000 and $108,000.