TLDR Lookonchain reported that a dormant whale accumulated 3,009 BTC on November 6. The blockchain tracker valued the reported Bitcoin purchases at approximately $228 million. The whale repor
A previously inactive Bitcoin whale accumulated 3,009 BTC on November 6, according to Lookonchain. The blockchain tracker valued the reported purchases at approximately $228 million. The activity followed more than a year of inactivity, making the return notable. However, Lookonchain’s public summary does not independently establish how the Bitcoin was acquired.
Lookonchain said the unidentified holder continued buying during the day. Its 3,009 BTC figure represents a reported cumulative amount, rather than one verified transaction. The quoted dollar value implies approximately $75,773 per Bitcoin. That figure is an estimate derived from the reported totals, not a confirmed execution price.
The tracker did not identify the holder in its accessible summary. It also provided no publicly inspectable transaction identifiers or purchase receipts in that summary. A separate Lookonchain report described a whale withdrawing 1,286 BTC from Binance on November 6. That withdrawal was valued at about $98.03 million, according to the tracker.
Lookonchain linked the smaller withdrawal to a prior deposit of 5,699 BTC. It said those coins entered Binance at an average price near $89,291. The available reports do not establish whether both alerts concern the same holder. The figures should not be combined as confirmed purchases.
The reported accumulation came against weaker demand across U.S. spot Bitcoin exchange-traded funds. Farside Investors recorded $430.2 million in net withdrawals from these funds on November 5. Fidelity’s FBTC lost $199.9 million, while BlackRock’s IBIT lost $105 million.
Grayscale’s GBTC recorded another $49.9 million in outflows. ARK and 21Shares’ ARKB reported $18.9 million in withdrawals. November 4 saw a $74.6 million net inflow, Farside reported. The ETF figures measure fund-level investor flows. They do not reveal the intentions of unrelated individual Bitcoin holders.
CoinDesk reported Bitcoin rebounding toward $76,150 on November 6 after touching approximately $75,200 the previous evening. The whale report and ETF flows cover different transactions and reporting periods. Their dollar values cannot be offset to determine overall Bitcoin demand.
The post Dormant Bitcoin Whale Returns as Crypto ETF Outflows Deepen appeared first on Blockonomi.
