Crypto Whale Invests Nearly 40 Billion in Bitcoin During Last Market Downturn

From the activities of large Bitcoin holders (or so-called whales), we can conclude that the future of cryptocurrencies looks bright.
Recently, during the last economic downturn, one major investor bought 6,070 BTC at an approximate value of $395 million, at an average purchase price of around $65,074 per token.


The same whale, with the address “3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN”, acquired 41,000 BTC during the bear market in 2022, with a total value of $79.4 billion (average purchase price around $19,000).
The investor then sold 37,000 BTC at a price of $46.8 billion in 2023 (average price of $2024). This move brought in an incredible profit of over $1 billion.
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The interesting thing about this whale is that, considering he bought low and sold high, most of his moves were extremely accurate.
The latest transaction of 6,070 BTC is the investor’s first purchase in a year and a half.
At the time of writing, the Bitcoin trading price is around $65,220, with no significant fluctuations in the past 24 hours and a trading volume of $21.19 billion.