Bitcoin whale accumulates $356.6M in BTC
Key Takeaways
- The wallet starting with "bc1qd3" accumulated $356.6M in Bitcoin in just five hours, marking one of the largest recent accumulation events by a single address.
- The accumulation trend mirrors broader whale behavior, with more coins being transferred from exchanges to private wallets during market volatility.
A Bitcoin whale identified as bc1qd3 accumulated $356.6 million worth of Bitcoin over a five-hour period today, representing one of the largest rapid accumulation events by a single address in recent months.
The massive purchase reflects broader whale activity patterns observed across crypto markets. Posts on X indicate that major Bitcoin holders are increasingly moving coins off exchanges into private wallets, reflecting a pattern of strategic accumulation during volatile periods.
Recent social media reports show mid-sized Bitcoin whales actively buying up supply, potentially signaling confidence in upcoming price recovery. The bc1qd3 address has emerged as a prominent player in these large-scale movements.
Insights from X posts suggest that whale movements often align with broader accumulation trends by long-term holders, enriching the narrative of quiet buying amid market fear.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Milei’s Win Focused on Cryptocurrency Sparks Hope Despite Ongoing Scandal Worries
- Argentina's Javier Milei secured a midterm election landslide, expanding his party's congressional seats and reinforcing pro-crypto policies. - His victory follows economic progress (inflation dropped to 31.8%) but faces scrutiny over the LIBRA meme coin scandal, eroding public trust. - The win boosted investor confidence in Argentina's crypto market, with Goldman Sachs calling it a "strong performance" for governance stability. - While positioning Argentina as a crypto hub, the LIBRA fallout highlights
Reliance Responds to Chinese Restrictions and Sanctions by Adjusting Its Global Supply Chains
- Reliance Industries faces dual challenges from China's battery export curbs and U.S. sanctions on Russian oil producers. - The company accelerates Chinese battery component shipments while boosting crude oil purchases from the Middle East and U.S. - Reliance's strategy highlights risks of overreliance on single suppliers amid geopolitical supply chain disruptions. - Chinese battery makers promise smooth export licenses, but interim uncertainty forces cautious procurement adjustments.
Kite AI and the x402 Protocol Drive a $30 Trillion Self-Governing AI Economy by 2030
- Kite AI secures Coinbase Ventures investment to advance x402 protocol for AI agent payments, following $33M raise led by PayPal Ventures. - x402 standard enables trustless, instant machine-to-machine transactions via HTTP 402, slashing fees by 90% and supporting 932k weekly transactions by October 2025. - Kite's Layer 1 blockchain optimizes micro-payments for agentic economy, aligning with AP2/ERC-8004 standards while supporting $180M x402 token market cap. - Industry forecasts $30T in autonomous AI tran
Tesla chairman: Tesla may lose Musk if it doesn't approve a $1 trillion pay package
Trending news
MoreCrypto prices
More
