The whale strikes again! 750 BTC in the bag, institutional confidence returns!
In today's Asian morning session, a whale/institution holding 10,158 BTC (worth $681 million) once again increased its holdings of 750 bitcoins from Binance, totaling $46.8 million. The trader "1L7gn", who had been silent for about 6 months, became active again, despite a floating loss of more than $46 million on Bitcoin.
This wave of transactions is not accidental. The wallet has recently purchased a total of 1,636.4 BTC, with a total value of $108.33 million. As the market fluctuates, this operation undoubtedly conveys the firm confidence of institutions in the future market.
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