Bitcoin whale 'Spoofy' takes advantage of the pullback to add $344 million worth of BTC, increasing spot holdings by another 4000

According to Cointelegraph, the well-known Bitcoin whale "Spoofy" increased its holdings of 4000 bitcoins on the Bitfinex exchange after BTC prices fell below $90000, with a current value of approximately $344 million. Analyst Saint Pump pointed out that Spoofy had raised 70000 BTC at a low level (in the price range of $16000- $40000) during the FTX and Luna crashes, and then gradually sold it when BTC rose to $40000- $70000 in 2023-2024. In addition, during 2024, Spoofy established a position of 24000 BTC and partially reduced its holdings when the market rebounded to $70000- $108000. Market data shows that the recent BTC pullback has resulted in confirmed floating losses of over $2.16 billion, with the majority coming from recent investors, while long-term holders have suffered smaller losses. CryptoQuant founder Ki Young Ju reminds that novice investors often sell at a loss due to panic, and historical data shows that a 30% pullback is more common during Bitcoin bull markets.