{"id":367736,"date":"2021-11-16T12:01:00","date_gmt":"2021-11-16T09:01:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k\/"},"modified":"2021-11-16T12:01:00","modified_gmt":"2021-11-16T09:01:00","slug":"bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k\/","title":{"rendered":"# Bitcoin bargain: 3rd biggest whale address adds 207 BTC at $62K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ac40165ebb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ac40165ebb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k\/#Whales_buy_the_dip\" >Whales buy the dip<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k\/#Bitcoin_price_action_stays_conservative\" >Bitcoin price action stays conservative<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin bargain: 3rd biggest whale address adds 207 BTC at $62K <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNzQ5MmUyYjEtNWFmMy00MzRiLWExZjctNWVhY2RkZTk4MWM1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) whales are back in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> near $60,000 as data shows classic bull market behavior.<\/p>\n<p>According to on-chain monitoring resources on Nov. 16, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/btc\/address\/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ\">third-largest<\/a> Bitcoin whale address has increased its holdings by 207 BTC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whales_buy_the_dip\"><\/span>Whales buy the dip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite falling 8% over the past 24 hours, Bitcoin remains a solid buy for its biggest investors.<\/p>\n<p>For one address, now the third largest with a balance of\u00a0193433.46915660 BTC, added the equivalent of $12.84 million to its balance at a price of $62,053 per bitcoin.\u00a0<\/p>\n<p>&#8220;As of now, this address has increased its holdings by 635 BTC in November,&#8221; journalist Colin Wu <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1460519332086124547\">noted<\/a> in comments on the event.<\/p>\n<blockquote><p>&#8220;The current balance of this address is 108,528.56 BTC, and the unrealized income is 4,632,109,617.37 USD.&#8221;<\/p><\/blockquote>\n<p>Such whale behavior is in fact common during bull runs, as evidenced by blockchain data covering previous cycle peaks.<\/p>\n<p>&#8220;In my opinion, whales and big players usually hedge their Bitcoins by transferring to derivatives exchanges and taking short positions when they buy a huge amount of BTC on price bottoms,&#8221; one contributor to fellow on-chain analytics firm CryptoQuant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/619363c3082e253d05f4e3f2-Whales-Hedging-Their-Bitcoins-in-Derivatives-MarketLongTerm-Bullish-Sign\">explained<\/a> Tuesday. <\/p>\n<blockquote><p>&#8220;This pattern is obvious during the last bull run (2017) when the All Exchanges To Derivative Exchanges indicator peaked many times and the price experienced a jump after each time. Right now, during the Bullrun, the metric has peaked four times indicating whales are buying and hedging their coins continuously.&#8221;<\/p><\/blockquote>\n<p>This, the post summarized, is a &#8220;long-term bullish sign&#8221; for price action.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_price_action_stays_conservative\"><\/span>Bitcoin price action stays conservative<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, long-term holders have begun net reducing their BTC holdings as of this month.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Record whale accumulation precipitated latest all-time high Bitcoin breakout<\/em><\/strong><\/p>\n<p>In what is known as &#8220;distribution,&#8221; the phenomenon has historically accompanied the most voracious phase of bullish price action, as witnessed beginning November last year.<\/p>\n<p>Heavy buyer volume at $62,000, meanwhile, was not enough to prevent a retest of lower levels Tuesday, contrary to expectations from Whalemap, a dedicated tool for monitoring whale activity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> 62800 indeed played out since then. Wouldn&#8217;t want to break it tbh. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/VS1plF3ytv\">pic.twitter.com\/VS1plF3ytv<\/a><\/p>\n<p>\u2014 whalemap (@whale_map) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/whale_map\/status\/1460310654947057670?ref_src=twsrc%5Etfw\">November 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-bargain-3rd-biggest-whale-address-adds-207-btc-at-62k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin bargain: 3rd biggest whale address adds 207 BTC at $62K &#8221; Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior. According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC. Whales buy the dip Despite&#8230;<\/p>\n","protected":false},"author":1,"featured_media":367737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNzQ5MmUyYjEtNWFmMy00MzRiLWExZjctNWVhY2RkZTk4MWM1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-367736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/367736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=367736"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/367736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/367737"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=367736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=367736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=367736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}