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New Address Places $79M in BTC Buy Orders at $75K-$76K on August 31

According to BlockBeats and TradingBeats, on August 31 at 14:22 UTC, a newly activated address placed 30 BTC limit buy orders totaling 1,046.7831 BTC ($79.032 million) at prices between $75,000-$76,000. The orders are currently 3.42% to 4.69% below the spot price of $78,689.4.
Each of the 30 orders
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BTC-0.41%