Bitcoin whale 'Spoofy' buys $344M BTC as price drops below $90K, with history of manipulation.

From Cointelegraph

February 27, 2025 07:14 AM:

A Bitcoin whale known as “Spoofy” amassed over $340 million in BTC on Bitfinex as Bitcoin dropped below $90,000. Identified by crypto analyst Saint Pump, Spoofy has a history of market manipulation. In 2022, during Luna and FTX crashes, Spoofy bought 70,000 BTC, selling when prices rose to $40,000-$70,000. Source: Saint Pump.

CryptoQuant founder Ki Young Ju warned newbies against panic-selling during market dips, calling it the “worst investment strategy.” Glassnode data showed over $2.16 billion in losses from recent market entrants, with the largest losses from those who bought Bitcoin in the past week. Long-term holders experienced negligible losses. Source: Glassnode.

Read more at Cointelegraph: Bitcoin whale ‘Spoofy’ accumulates $344M BTC as price tumbles below $90K