Whales have increased their Bitcoin holdings with a total investment of $65.34 million, despite facing a floating loss of approximately $5.37 million. A whale or institution initially purchased 379.2 BTC for $45.57 million at an average price of $120,151 a week ago. Following a price decline, they acquired an additional 187.5 BTC today for 19.77 million USDC at a transaction price of $105,410.
This brings their total purchase to 566.9 BTC at an average price of $115,260. The current market conditions have resulted in a floating loss, highlighting the volatility and risk associated with large-scale investments in the cryptocurrency market.
Whales Invest $65.34 Million in Bitcoin Amid Price Drop
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