A Bitcoin mega whale buys 300 BTC daily using TWAP as Bitcoin prices dip, impacting the market and major altcoins.
- Bitcoin mega whale acquiring 300 BTC daily amid price drop.
- Market shows increased BTCUSD long positions.
- Altcoins like Ethereum see over 4% decline.
A major Bitcoin whale associated with Bitfinex has commenced purchasing 300 BTC daily as prices decline, highlighted by Adam Back’s observations and reinforced by industry insights.
This activity could signify renewed institutional confidence in Bitcoin amidst dropping prices, potentially affecting market dynamics and investor sentiment.
A Bitcoin mega whale tied to Bitfinex is acquiring 300 BTC daily as prices fall, leveraging a Time-Weighted Average Price approach for minimized market impact.
The acquisition strategy highlights significant institutional interest and coincides with increased BTCUSD long positions, suggesting market confidence among major players.
Whale Buys 300 BTC Daily Amid Price Drop
Reports indicate a major Bitcoin “mega whale” is purchasing 300 BTC daily as prices decline. Industry figures like Adam Back have noted the large-scale buying activities.
The whale is reportedly linked to Bitfinex, though exact identity details are undisclosed. Utilization of a TWAP strategy is intended to minimize price impact during the acquisition process.
Adam Back, CEO of Blockstream, “This whale is accumulating 300 BTC per day using a Time-Weighted Average Price strategy to minimize market impact.”
Impact: 4% Decline in Major Altcoins
This buying spree has led to increased market confidence with evident growth in BTCUSD long positions. Bitcoin’s price fluctuations impacted major altcoins, experiencing over a 4% dip.
Analysts note this behavior reflects a bullish sentiment among institutional investors. Negative price actions coincide with reduced daily trading volumes and indicate strategic buying amid volatility.
Exchange Reserves Decline as Whales Accumulate
Historically, similar accumulations have triggered positive market momentum. Notable was February 2025’s whale activity, buying up to 1,000 BTC daily, followed by a price rally.
Analysts cite decreasing exchange reserves and consistent demand as signs of continued accumulation, hinting at potential price rebounds driven by seasoned investors moving coins to cold storage.
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