An anonymous Bitcoin whale has acquired over $500 million worth of Bitcoin so far this year through dollar-cost averaging. The price of Bitcoin has risen by over 120%, driven in part by optimism surrounding the potential approval of BlackRock’s proposed Bitcoin ETF. The whale has accumulated 14,599 BTC at an average price of $28,071 per token, resulting in an unrealized profit of over $126 million. The article discusses the significance of a spot Bitcoin ETF and notes that the views expressed are for informational purposes only and do not constitute financial advice.
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