Bitcoin Whale ‘Spoofy’ Buys $344M in BTC Amid Price Dip
Bitcoin whale ‘Spoofy’ accumulates $344M in BTC as prices dip below $90K, signaling smart money interest.
- Bitcoin whale ‘Spoofy’ buys $344M in BTC as price dips below $90K.
- Previously accumulated 30K BTC in 2024 and sold during the Trump rally.
- Institutional and whale interest continues despite market volatility.
Bitcoin’s recent price dip below $90,000 has caught the attention of major players, with prominent whale ‘Spoofy’ making headlines by accumulating a staggering $344 million worth of BTC. This accumulation comes after the investor previously acquired 30,000 BTC earlier in 2024, strategically cashing out during the Trump rally.
The move signals continued confidence from institutional and whale investors in Bitcoin’s long-term potential, despite short-term market fluctuations. With Bitcoin’s price under pressure, such significant purchases suggest that smart money is seizing the opportunity to buy the dip.
Whales Continue to Accumulate Despite Volatility
Large Bitcoin holders, often referred to as whales, have a history of accumulating during market downturns. Spoofy’s latest move aligns with this trend, as substantial buy orders from major players often indicate bullish sentiment for the asset’s future trajectory.
In 2024, Bitcoin experienced massive volatility due to regulatory developments, macroeconomic trends, and political events. The Trump rally saw an increase in BTC prices, providing an opportunity for early accumulators like Spoofy to take profits. Now, with Bitcoin dipping below the $90K mark, the same investor is re-entering the market, potentially setting the stage for another price surge.
🚨 NEW: #Bitcoin whale ‘Spoofy’ accumulates $344M in $BTC as price dips below $90K, after accumulating 30K $BTC in 2024 and cashing out during the Trump rally.
— Cointelegraph (@Cointelegraph) February 27, 2025
Smart money is buying the dip. pic.twitter.com/sR8exkcbre
What This Means for Bitcoin’s Future
While short-term traders react to price swings, long-term holders and institutional investors appear undeterred. The recent whale accumulation suggests that Bitcoin’s value proposition remains strong, with major players expecting further upside in the coming months.
Historically, significant whale buying activity has been a precursor to bullish movements. If the trend continues, Bitcoin could see renewed momentum, pushing prices higher as retail investors follow the lead of institutional buyers.
