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The same whale investor executed a massive cryptocurrency operation by purchasing a total of 1,721 Bitcoins in two days (BTC).
According to data shared by the on-chain data and analysis platform Lookonchain, the same whale investor purchased a total of 1,721 Bitcoin for 179 million dollars, consisting of 821 Bitcoin for 85.42 million dollars on May 11 and 900 Bitcoin for 93.75 million dollars on May 12.
A separate wallet made a withdrawal of 500 Bitcoins worth 26.26 million dollars during the same period. These massive movements draw attention to large-scale transactions in the cryptocurrency market.
Large-scale Bitcoin transfers indicate that institutional investors' interest in the cryptocurrency market continues. Investors' risk management and strategic approaches are critically important for cryptocurrency investments.