A bitcoin whale has accumulated a staggering $282 million worth of BTC since late March, as the leading cryptocurrency struggles to stabilize after reaching its all-time high. The address, starting with “12QVsfA,” made a purchase of 4,380 BTC at an average price of $64,471, as reported by blockchain tracking firm Lookonchain. Following the drop in BTC price, the whale bought an additional 620 BTC ($39.8 million) at the bottom. From March 21 onwards, the whale has acquired a total of 4,380 BTC ($282.38 million) from Binance. Another whale was spotted depositing over $77.67 million worth of Bitcoin into crypto exchange Kraken on the same day. While the intentions of this whale remain uncertain, depositing the coins on Kraken suggests a potential plan to sell them on the open market. According to Arkham, a crypto “de-anonymizing” service, this entity has amassed over $1.68 billion worth of Bitcoin in just a month and a half. As of now, Bitcoin is trading at $63,315, a 14% decline from its all-time high of $73,737.