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Just noticed something interesting while digging through the Bitcoin rich list. There's this whale address 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo that's been around since October 2018, and its history is wild.
Started with just 0.1 BTC back then (worth like $660), but then it exploded. By November 2019 this address was holding 180,000 BTC worth $1.7 billion. Then it crashed hard to only 1,370 BTC by April 2020. But here's where it gets crazy - from late 2020 onwards, whoever controls 34xp4vrocgjym3xr7ycvpfhocnxv4twseo started aggressively accumulating again, hitting 300,000 BTC ($10.3 billion) by mid-2021.
Since early 2023, the balance has been sitting around 248,597 BTC. At today's prices that's massive wealth. Makes you wonder if this is an exchange wallet, a major holder, or what. The accumulation pattern is definitely worth tracking if you're into watching whale movements.