‘Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?
Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement.
The Bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin (BTC) dip for the first time since the Bitcoin halving. Meanwhile, multiple market analysts suggest that the local Bitcoin bottom may be in as the price bounces from $56,000-lows.
The Mr. 100 whale wallet has added 2,500 BTC worth over $147 million, around the $58,000 mark, according to a May 2 X post by HODL15Capital.
This represents the wallet’s first Bitcoin purchase since April 19, the day before the 2024 Bitcoin halving.
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Author: Zoltan Vardai
