Mega Whale Buys the Dip With 300 BTC Daily as Bitcoin Tumbles
A major Bitcoin whale tied to Bitfinex is quietly scooping up hundreds of BTC each day, even as the broader crypto market reels from a sharp downturn.
Adam Back, CEO of Blockstream and one of Bitcoin’s earliest advocates, flagged the buying spree on X, noting that the whale has been steadily accumulating around 300 BTC per day using a Time-Weighted Average Price (TWAP) strategy.
The approach spreads purchases evenly over time, reducing market impact. Back estimated the entity could be committing roughly $400 per second to Bitcoin buys, with on-chain metrics like BTCUSDLONGS confirming a steady rise in long positions backed by BTC collateral. The activity mirrors February’s aggressive run, when the same whale was accumulating up to 1,000 BTC per day.
This latest accumulation streak comes amid a turbulent week for crypto. Bitcoin has plunged to $112,012, nearly 9% below its mid-July record high of $123,091, with daily volumes down over 31%. Altcoins haven’t escaped the damage — Ethereum, XRP, and Solana each shed more than 4% in the past 24 hours.
The market slump has been tied to macroeconomic pressure, including fresh Trump tariffs and disappointing U.S. job numbers, alongside the Federal Reserve’s decision to hold rates steady. While some whales, like Arthur Hayes, have been offloading assets, others — including the Bitfinex buyer and Eric Trump — see the pullback as a prime buying opportunity.
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Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
