A Bitcoin whale has reaccumulated 3,521 BTC after selling off 3,000 BTC at $58K on May 9. The leading cryptocurrency is still coping up from a historic price collapse this week and did receive positive news on Thursday after a mysterious whale reportedly added a large stash of the digital asset. Mysterious Bitcoin Whale Adds Large Stash of BTC The mysterious whale managed to add up 3,521 BTC over three separate purchases on May 15, 18, and 19, in accordance with the data released by a blockchain publication. The very first purchase was on May 15 for 753 BTC and came a few days before the now-infamous May 19 flash crash. As the market was falling down, two other purchases were made of 965 BTC and 1,803 BTC, respectively. Talking about the average buying price of all three separate purchases, they were $50,050.54, $44,782.37, and $41,897.02, respectively. Also, the reports have revealed that the same whale was behind the offloading of 12,000 BTC in the month of January at a price range between $35K and $40K before adding later. The Latest Correction Was a Surprise Even for Seasoned Crypto Traders Well, it was not for the first time that the crypto market has witnessed a correction of this much intensity, but the latest correction even took the seasoned traders in the market by surprise. This was because the price of Bitcoin corrected over 53% between April 14 and May 19. In addition to this, it still can not be determined whether the decline has stopped and the bull market is about to take the lead or is it going to be a correction like that of the year 2013. However, it has also been revealed that if the past cycle of Bitcoin is repeated, then the current bull market could peak during the end of the year 2021 or the beginning of the year 2022.
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