Mystery Whale Purchases Billions of Dollars in Bitcoin Within Minutes

Before Bitcoin’s dramatic price increase earlier today, an unknown buyer bought $1.6B worth of cryptocurrency in five minutes. That’s more than Elon Musk– one of the world's richest men– spent on Bitcoin in February. Whales Pumping Bitcoin’s Price CryptoQuant CEO Kim Young Ju revealed the massive purchase earlier today, using his company’s on-chain data. According to a chart comparing price and buy volume on all exchanges, buy volume massively spiked early on October 6th. This was naturally coupled by an 8% price…