% 2.34
BTC Dominance:
% 0.02
Market Cap:
$2.17 T
% 1.84
Fear & Greed:
25 / 100
$ 60.037
BTC Dominance:
% 53.3
Market Cap:
$2.17 T

Move Comes After 1.5 Years from a Successful Bitcoin Whale

Bitcoin, Bitcoin Whale

While crypto markets are uncertain about rises and falls, it was noteworthy that a Bitcoin whale, known for buying at the bottom and selling at the top, bought for the first time in 1.5 years.

Although Bitcoin did not move far from its peak of $ 73 thousand in March, the declines and the loss of value of altcoins caused investors to ask “Where is the market going?” It causes him to ask the question. In this process, it was seen that a whale, who bought at low levels and sold at highs, purchased nearly 400 million dollars of Bitcoin during the recent declines.

This person, who bought 41 thousand BTC worth $ 794 million at the price of that period during the harshest periods of the bear season in 2022, sold at a price of $ 46,800 during the rise periods in 2023 and 2024. The whale, which made purchases for 19 thousand dollars, made a profit of approximately 1 billion dollars from these transactions.

This successful trader recently purchased 6070 BTC worth $395 million. This was recorded as the whale’s first acquisition in a 1.5-year period. This movement clearly shows that the whale is bullish in the future.

The chart below clearly shows where the whale is buying and selling. Bitcoin was trading around $65,700 at the time of writing this news.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Crypto Markets Start Week Flat as Bitcoin Holds Steady at $70K Pre-Halving

Leave a Reply

Your email address will not be published. Required fields are marked *