Data: Bitcoin whale "Spoofy" takes advantage of the pullback to increase holdings by $344 million in BTC, spot holdings increase by another 4000 coins
According to a message from ChainCatcher reported by Cointelegraph, the well-known Bitcoin whale "Spoofy" added 4,000 Bitcoins to his holdings after the BTC price fell below $90,000. The current value is approximately $344 million.
Analyst Saint Pump pointed out that Spoofy had bought low during the FTX and Luna crashes, accumulating 70,000 BTC (price range $16,000-$40,000), and then gradually sold off as BTC rose to $40,000-$70,000 between 2023 and 2024. In addition, during 2024 Spoofy established a position of 24 thousand BTCs and partially reduced it when the market rebounded to $70,000-$108,000.
Market data shows that recent corrections in BTC have resulted in over $2.16 billion in floating losses being confirmed; most of these come from investors who recently entered the market while long-term holders suffered smaller losses. CryptoQuant founder Ki Young Ju reminded novice investors often sell at a loss due to panic; however historical data indicates that a pullback of around 30% is quite common during Bitcoin bull markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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