by Rubab Fatima
Bitcoin whale Spoofy added 4000 bitcoins to their Bitfinex account. Bitcoin briefly dropped to $90,000 for Spoofy to purchase 4,000 BTC which now holds $344 million value.
The trading information says Spoofy used all their funds at $82,000-$85,000 to buy more Bitcoin. Crypto analyst Saint Pump verifies that Spoofy holds major influence over Bitcoin trading based on recent trading activities.
Observers study this buying spree to forecast what Spoofy plans next because the crypto expert uses swings in market values for profit. Market experts think the trader anticipates major price shifts ahead and expects market value to rise.
Approx 4000btc now https://t.co/aB6V5SCpSS
— Alistair Milne (@alistairmilne) February 26, 2025
Profiting from Volatility: Spoofy’s Smart Bitcoin Moves
Spoofy has faced disputes throughout its activities. During 2017 the entity started receiving attention after market manipulation charges for placing false buy offers. Increased market monitoring happened because traders were checking high-volume traders’ market actions.
Despite any previous accusations Spoofy has kept building its Bitcoin supply when market conditions weaken. During the 2022 period when Luna networks failed followed by FTX’s downfall Spoofy made 70,000 BTC acquisitions that cost between $40,000 and dropped to $16,000.
Before that he bought 70k BTC during the FTX bear market between $40k-$16k and sold over 1.5 years. pic.twitter.com/oX97ORc3xq
— Saint Pump (@Saint_Pump) February 27, 2025
During specific time periods between 2023 and 2024 The whale sold Bitcoin holdings that they initially acquired when Bitcoin hit the price range of $40,000 to $70,000. This trading strategy brought them profitable returns.
In 2024 Spoofy made another perfect market entry and exit timing demonstration. The whale gradually constructed a 24,000 BTC purchasing position but then sold just as Bitcoin was surging between $70,000 and $108,000. The market rebound when then-U.S. President Donald Trump supported cryptocurrency established new interest from institutions in Bitcoin purchases.
The recent buy suits the whale’s approach of entering when prices drop before inexperienced traders panic selling. Historically this method helped Spoofy succeed through market impact.
Spoofy’s Recent Bitcoin Purchase and Market Speculation
Exceptional buyers like Spoofy perform well during market declines because new traders who act on impulse regularly lose money instead. In a recent statement CryptoQuant founder Ki Young Ju explained that new investors panic-selling during market corrections defines them as beginners in the crypto market.
If you're panic selling now, you're probably a noob.
A 30% correction in a #Bitcoin bull cycle is common—it dropped 53% in 2021 and still recovered to an ATH.
Buying when prices rise and selling when they fall is the worst investment strategy. Invest with a clear plan. pic.twitter.com/eYwW1VXd8C
— Ki Young Ju (@ki_young_ju) February 27, 2025
In a recent statement Ju indicated a typical Bitcoin market rally includes a normal 30% decline followed by a 53% decrease in 2021 and eventual new price highs. He labels selling your assets during market highs and buying during lows as the worst method to invest.
The analytics platform Glassnode proves this information true. The loss amount from Bitcoin purchase exceeded $2.16 billion according to Glassnode’s February 27 research due to new market participants.
Data shows that short-term holders of Bitcoin in the three to six months bracket suffered $6.5 million losses both happened simultaneously with the $3.2 million loss reported by holders who stored Bitcoin for six to twelve months. Holders who kept their Bitcoin investments for numerous years did not experience notable losses which confirms that long-term crypto investment remains safe.
Crypto market participants are tracking Bitcoin behavior after Spoofy made this new bitcoin purchase. Market history shows that these buying movements often lead to new price growth but uncertainty about market swings stays high.
Bitcoin’s market future depends on if Spoofy’s investment succeeds against emerging market challenges.
#blockchain #crypto, #decentralized, #distributed, #ledger
This news is republished from another source. You can check the original article here
