Data: Bitcoin whale "Spoofy" increased holdings by $344 million BTC during the pullback, adding another 4,000 coins to the spot position

ChainCatcher news, according to Cointelegraph, the well-known Bitcoin whale "Spoofy" has increased its holdings by 4,000 BTC on the Bitfinex exchange after the BTC price fell below $90,000, currently valued at approximately $344 million.

Analyst Saint Pump pointed out that Spoofy accumulated 70,000 BTC at low prices during the FTX and Luna collapses (price range $16,000-$40,000), and then gradually sold off as BTC rose to $40,000-$70,000 from 2023 to 2024. Additionally, during 2024, Spoofy established a position of 24,000 BTC and partially reduced holdings when the market rebounded to $70,000-$108,000.

Market data shows that the recent BTC pullback has resulted in over $2.16 billion in unrealized losses being confirmed, most of which comes from investors who entered the market recently, while long-term holders have experienced smaller losses. CryptoQuant founder Ki Young Ju reminds that novice investors often panic sell at a loss, while historical data indicates that a 30% pullback during Bitcoin bull markets is quite common.