Bitcoin whale ‘Spoofy’ accumulates $344M BTC as price tumbles below $90K
The trader bought 70,000 Bitcoin during the FTX collapse when the price varied between $40,000 and $16,000.
A Bitcoin whale known as “Spoofy” acquired more than $340 million worth of BTC on the Bitfinex exchange as Bitcoin’s price dropped below $90,000.
On Feb. 27, community members reported that the whale had accumulated 4,000 Bitcoin (BTC) while the asset hovered between $82,000 and $85,000. The position is worth around $344 million at the current BTC price.
Crypto analyst Saint Pump identified the whale as Spoofy, regarded as one of the biggest traders in the space.