Summary
A mysterious Bitcoin whale known as “Mr. 100” is accumulating large amounts of BTC, with a wallet holding over 54,164 BTC worth $3.2 billion. Speculation suggests it could be an investment fund or bank behind a Bitcoin ETF, but the true identity remains unknown. The wallet has been accumulating Bitcoin since November 2022 and transactions are coming from Binance and KuCoin. Despite rumors, it is unlikely that the US Government or a bank is behind the address. The whale may not be preparing for the upcoming Bitcoin halving in April, but rather supporting the price run-up. The market sentiment is positive, suggesting that the bull market is back.
Key Points
1. A mysterious Bitcoin address is amassing BTC as the race to a new all-time high continues. The whale’s wallet now holds over 54,164 BTC–worth around $3.2 billion.
2. In April, dormant Bitcoin wallets from the early days of Bitcoin moved significant amounts of BTC, sparking interest among blockchain analysts.
3. Speculation around the identity of the whale, dubbed “Mr. 100,” continues, but the cryptocurrency market sentiment remains positive, indicating a bullish trend.