Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Peter90 on March 17, 2024, 11:14:08 AM
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A mysterious Bitcoin whale, nicknamed “Mr. 100,” has sparked curiosity in the cryptocurrency space after amassing over 52,996 Bitcoin, worth over $3.5 billion, on-chain data shows.
Who is Bitcoin’s “Mr. 100”?
The Mr. 100 whale wallet bought at least 1,000 Bitcoin on March 15, which is 52% of the total 1,907 BTC bought by the 10 spot Bitcoin exchange-traded funds (ETFs), according to an X post by HODL15Capital.
(https://cms.zerohedge.com/s3/files/inline-images/4f098c0a-26a3-4484-8672-ab71d834.jpg?itok=DwdDxrVj)
This address has been continually receiving BTC since November 2022, when the FTX exchange collapsed. The wallet has been adding at least 100 BTC nearly every day since Feb. 14.
The wallet received some larger Bitcoin transfers from a secondary wallet address, which has also been adding tranches of 100 BTC since 2019. This suggests that the mysterious whale has been stacking sats since at least 2019, according to HODL15Capital, who also noted in a March 15 X post:
“What I do know is that this is NOT one of the U.S. ETFs. I have all those mapped.”
Mr. 100 continues accumulating regardless of Bitcoin price at near all-time highs, adding 400 BTC on March 12, when Bitcoin traded above the $72,000 mark.
Following the accumulation spree, the Mr. 100 wallet is currently the 14th-largest BTC holder, according to Bitinfocharts data.
(https://cms.zerohedge.com/s3/files/inline-images/9af89641-e3c4-481e-afcb-d6c3ed6e.jpg?itok=85k4FpNI)
zerohedge.com (https://www.zerohedge.com/crypto/who-mr-100-mysterious-bitcoin-whale-becomes-14th-biggest-btc-holder)
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What Is Dollar-Cost Averaging?
(https://www.investopedia.com/thmb/4HAKzkL446Dw8p_bn9iYrBqO39g=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/Dollar-Cost-Averaging-DCA-f79fcd89eaa34bb7adad3dacc3129798.png)
KEY TAKEAWAYS
a) Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.
b) Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per share.
c) By buying regularly in up and down markets, investors buy more shares at lower prices and fewer shares at higher prices.
d) Dollar-cost averaging aims to prevent a poorly timed lump sum investment at a potentially higher price.
Beginning and long-time investors can both benefit from dollar-cost averaging.
investopedia.com (https://www.investopedia.com/terms/d/dollarcostaveraging.asp)
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Whoever is "Mr. 100", i hope they stop re-using same address for their own sake. It's not that hard to copy different Bitcoin address for each withdraw request. If it's truly owned ETF institute, they probably don't want to see Bitcoin price shaking just because they move their coin.
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Whoever is "Mr. 100", i hope they stop re-using same address for their own sake. It's not that hard to copy different Bitcoin address for each withdraw request. If it's truly owned ETF institute, they probably don't want to see Bitcoin price shaking just because they move their coin.
That's what I thought. Interesting news that the OP has brought us, but whether he is an institutional investor or a retail investor, I don't know what he is doing accumulating it all in the same direction, which on top of that is a legacy one. I would like to think that if it is someone who has so much money it is because he knows what he is doing, but you never know.
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So this is the wallet address of that whale: 1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
I believe it's someone who's sure that Bitcoin will reach huge peaks in this bull run and that's why he/she is amassing huge amounts of Bitcoin.
I'm very sure that it could either be an investing company or it might have some links with ETFs. We don't know much about the address yet so saying anything about it could be just imagination only. The address holds around 53,205 BTC!
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Whoever is "Mr. 100", i hope they stop re-using same address for their own sake. It's not that hard to copy different Bitcoin address for each withdraw request. If it's truly owned ETF institute, they probably don't want to see Bitcoin price shaking just because they move their coin.
Hi ABC
if I get it right...
if they use different address we wouldn't know that there is a new whale, so probably there are other whales out there that we don't know about because they spread their btc inventory among multiple addresses.
Concentrating their inventory in one address this company attracts attention - as a whale - so they acquire the ability - as you say - to impact the market because people look now at what they do.
I hope it makes sense...