Whale That Bought $195 Million Bitcoin (BTC) At The Beginning Of The Year Makes New Move
A massive crypto whale made a new transaction after the Bitcoin price exceeded $60,000. Here are the details.
While the Bitcoin price continues to hover above $60,000, albeit with difficulty, the transactions made by some major cryptocurrency whales are drawing attention.
A major crypto whale recently moved 119 BTC worth $7.14 million to Binance, according to Onchain data.
This whale had previously purchased 3,409 Bitcoins worth $195.4 million on Binance at an average price of $57,319 on December 1, 2023.
The whale has so far sold 320 BTC at an average price of $61,192 and received $19.59 million in return. The whale currently has 3,089 BTC worth $186 million.
The amount of profit to date, including unrealized ones, is $10.5 million.
On the other hand, seven more cryptocurrency wallets that had not touched any BTC assets for about a year have started to take action. These wallets, which probably belong to the same whale, recently transferred 203 BTC, or $12.18 million, to Binance. This whale bought these BTCs for an average of $26,047 between March 10, 2023 and August 7, 2023.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Delays Decision on Spot Ethereum ETF Options Approval
Cardano Surge Sparks Potential Retail FOMO, Says Santiment
Peter Brandt Compares Gold and Bitcoin Charts, Predicting Big Gains
BREAKING: MicroStrategy Purchases $2 Billion Worth of Bitcoin