Comment: Unknown whale buys 4,106 BTC as Bitcoin slides to $30,000

On June 21 and 23, an unknown whale bought a total of 4,106 BTC at an average of $32,977, bringing the balance to 115,120 BTC ($3.8 billion).

The 4th largest #BTC whale wallet started buying #Bitcoin again, 4,106 BTC (~$143M USD) added during the sell-off in the past week

This mysterious whale had previously sold 1,500 BTC at the top $40k 2 weeks ago. It first started buying BTC in 2019 & now owns 115k BTC (~$4B USD) pic.twitter.com/u0HGWcoQnC

— venturefoundΞr (@venturefounder) June 24, 2021

The first transactions on the wallet date back to February 2019. According to venturefounder, the owner of this Bitcoin address possesses a large fiat wallet.

The crypto enthusiast suggested that the purchases are being made by a technology sector billionaire, such as Mark Zuckerberg, due to an understanding of how blockchain works.

No one knows who this is, except that this person or group has deep fiat pocket (billions) to buy #BTC

I would not be surprised if this is the personal/family office wallet of a tech billionaire who understands the technology and its implications (perhaps someone like Zuck)

— venturefoundΞr (@venturefounder) June 24, 2021

To command such large sums in cash, the people on Forbes’ list would need to have ample resources, according to a Twitter user.

Some followers added that over the past two weeks Mark Zuckerberg had been selling Facebook shares belonging to him, averaging about $25 million per day.

Zuck has been selling FB shares daily for the past couple weeks. Currently around $25m per day.

— CryptoMentat (@cryptomentat) June 24, 2021

As potential owners of the Bitcoin address, venturefounder also named the Gemini exchange founders the Winklevoss brothers and Elon Musk. The latter, according to the user, has been selling houses since 2020.

It should be noted. Even for someone like #Zuck or #Elon, they won’t have billions in cash, most of their assets are illiquid, in order to come up with money to buy billions of #BTC, they likely have to be selling other assets. Elon apparently had been selling houses since 2020

— venturefoundΞr (@venturefounder) June 24, 2021

The thread author warned that his analysis is not an indicator of further Bitcoin price growth.

“One participant cannot move the market. Just look at Michael Saylor and MicroStrategy”, the user wrote.

Lastly, just because this whale is still buying. Doesn’t mean #Bitcoin price won’t go down anymore, that thinking is false.

One market participant alone doesn’t shift the market. Just look at #Saylor and #MSTR.

Another guess is the wallet can belong to the #Winklevoss twins

— venturefoundΞr (@venturefounder) June 24, 2021

In June, Santiment reported an increase in Bitcoin whale positions amid May’s correction.

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