Whale Don Buy 119.8 BTC, $216M Don Buy Since July 18
Report wey come from Lookonchain wey monitor on-chain show say di whale address “bc1qgf” buy extra 119.8 BTC (about $13.87 million) three hours ago. Since July 18, dis whale don gather total of 1,841.2 BTC, spend around $216 million at average price of $117,310 per BTC for FalconX. Di sharp increase for BTC wey big whales get fit show say supply dey tight and e fit boost market feeling among traders. To dey track whale activity dey important for crypto traders wey wan sabi price movement and liquidity changes for Bitcoin market.
Bullish
Big big BTC buywey wey one whale address dey do mean say dem dey still dey gather and di supply wey dey free don dey reduce, and dis kind thing dey usually happen before price go rise. Other times when dis kind whale buying happen before, e don tight Bitcoin liquidity plus push price up. Short term, when whale activity high, e fit make market people show more interest and trading volume increase. For long term, if dem still dey gather, e mean say buyers believe strong and e fit hold higher price floor and make crypto traders get positive feeling.