Serious convictio even while deep in the RED 🤪

This guy just added another 100 BTC (~$6.99M) about 6 hours ago continuing a steady accumulation trend. Over the past 6 months, this wallet has stacked 1,046 $BTC (~$72.78M) at an average price of $92,258… and is now sitting on a massive unrealized loss of ~$23.7M.

Still, averaging down at this scale takes serious confidence (and capital)… but if the market doesn’t recover, the drawdown can get even heavier.

Wallet👇
bc1pvupcynktp6qlcrem8udnxyd3g0mv8k8v4j3eauww55kdd359ecjsw88uaz

BTC
BTC
65,739.94
-3.66%
BTC
BTCUSDT
65,708.9
-3.66%