A major Bitcoin whale or institutional trader has re-entered the market after a six-month pause, accumulating an additional 750 BTC valued at $46.8 million. This brings the total holdings to 10,158 BTC, worth around $681 million.
This large transaction occurred on the Binance exchange during the early Asian trading hours, signaling significant movement within the cryptocurrency market.
Despite these substantial acquisitions, the wallet identified as "1L7gn" is reportedly still experiencing a considerable loss, remaining over $46 million in the red, indicating ongoing volatility and risk in Bitcoin investment strategy.
