The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more than 500 bitcoins on Thursday and Friday.
CryptoPotato has previously reported some of this particular whale’s behavior – whose Bitcoin address ends with WKDfHQ – when it comes down to the BTC holdings. For instance, data showed that they had sold near the all-time high at around $60,000 in April.
A few months later, they used the dip below $40,000 to buy more coins. This came after a lot of FUD had impacted the market, coming from Elon Musk and China, and bitcoin had retraced by more than 50% in weeks at one point.
In late July, they started transferring substantial quantities of the BTC holdings to Coinbase again. The same thing transpired on a few occasions in August as well.
