A Bitcoin whale has been holding Bitcoin for 9 years & 4 months and it seems he is not in the mood to sell his holding.
On 20 April 2023, Crypto whale transaction alert Crypto Twitter account reported that a bitcoin whale has held 6071.5 BTC since 19 Dec 2013.
In Dec 2013, the BTC price was $663/BTC. Recently he transferred 2071.5 BTC to a bech address (bc1q formatted Bitcoin address). At the current price, 2071.5 BTC is nearly equal to $60.7 million.
So here we can say that this guy turned his $4 million investment into $176 million.
Bitcoin Greed & Fear Index
The current Bitcoin Greed & Fear index is 52, which means crypto investors are not fully confident & also not in much fear over their Bitcoin investment.
The current price of Bitcoin is $28,952 & this trade price is 1.7% down over the last 24 hours’ trade price.
Around a week ago, Bitcoin price was trading at nearly $31k/BTC, and in the last 2 days BTC saw a significant downfall. This sudden downfall acted as a catalyst to degrade the confidence of Bitcoin investors.
US banking crisis
In Feb of this year, a few famous banks in the US reported bad financial positions and the whole news acted as a bullish sign for crypto Investors.
The majority of the crypto proponents said that the downfall of US banks hints that traditional financial systems are failing & further it will give more favours for crypto & blockchain technology.
In the first quarter of this year, Bitcoin surged from $18k trade price to $28k.