Bitcoin-whale bought additional cryptocurrency for another $ 37 million

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One of the largest holders of bitcoin on October 26 increased investments in the first cryptocurrency by $ 37.5 million. The crypto investor purchased 596 bitcoins at a price of $ 62.9 thousand per coin, according to the BitInfoCharts service. Now, 106.3 thousand bitcoins are stored on his wallet ($ 6.6 billion, taking into account the current exchange rate at 13:00 Moscow time), writes RBC Crypto.

The last time a crypto investor made a major purchase of the first cryptocurrency was on October 14. Then he bought 494 bitcoins for $ 28.3 million at a price of $ 57.3 thousand per coin.

From mid-September to the end of October, the number of large Bitcoin holders grew 1.9%. During this period, the number of addresses that store from 100 to 1,000 bitcoins increased by 254.

At the same time, at the end of October, the stocks of bitcoins on crypto exchanges reached a three-year low. The current wave of declining stocks of the first cryptocurrency on the trading floors began at the end of July, when Bitcoin went into recovery after falling to $ 28.8 thousand.

The outflow of funds from crypto exchanges is usually associated with active purchases. For example, on the evening of May 19, after the bitcoin rate fell by a third per day, to $ 30 thousand, the largest withdrawal of digital coins was recorded in a year. Users withdrew to the so-called “cold wallets” (hardware devices for storing cryptocurrency offline) about 175 thousand BTC for $ 7 billion at the exchange rate at that time.

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