Crypto
Bitcoin Whale Buys Big with $60 Million in USDC
A large Bitcoin investor, tracked by EmberCN as 'whale', made significant purchases in the past two days. The entity bought 767.8 BTC at an average price of $78,628 via THORChain. This is a substantial amount, worth over $60 million.
The whale has been accumulating capital for further investments and has retained 74.32 million USDC on hand. Interestingly, this investor previously exited a large position in Ethereum (ETH) last year for a significant profit of $19.02 million.
The current price of Bitcoin is $77,844.68, within the Bollinger band, with resistance at $79,672.98 and support at $77,763.13. Technical indicators show a bearish trend, with a death cross on the MACD and neutral momentum on the RSI.