According to reports, a mysterious whale holding a $400 million sell position in Bitcoin (BTC) has recently taken an unexpected action. Initially opening their $332 million Bitcoin sell position at an entry price of $84,040, the whale increased it to $400 million and then raised it to $464 million. Interestingly, this mysterious whale temporarily opened a 500 Bitcoin buy position but shortly after resumed selling and tried to keep the Bitcoin price below $83,700. This move has sparked a lot of speculation in the market. Some believe this whale predicts a decrease in Bitcoin’s price, while others see it as a high-risk strategy. Meanwhile, after touching $85,000 on Monday, the Bitcoin price is now striving to maintain the $84,100 level. Market analysts are also closely watching the Federal Reserve’s monetary policy meeting on Thursday as the announcement of new policies by the central bank could directly impact Bitcoin’s price trend. In this regard, Michael Saylor, the founder of MicroStrategy, announced the purchase of an additional 130 Bitcoins worth $10.7 million by the company. With this purchase, MicroStrategy’s total Bitcoin holdings reached 499,226 Bitcoins valued at approximately $33.1 billion. The recent purchase by MicroStrategy, financed by selling 123,000 shares of its preferred stock, is part of a $21 billion program that Saylor is using to increase the company’s Bitcoin holdings. While the market is full of fluctuations, Saylor’s approach, contrary to the emotional behavior of traders, follows a mechanical and consistent strategy. He believes that Bitcoin is not only a profitable asset but also a long-term financial tool to hedge against economic fluctuations. On the momentary digital currency price page, you can see the live prices of all tokens and cryptocurrencies.
