Just before the news that the US had approved the sale of Bitcoin, a crypto whale attracted attention by transferring 300 WBTC to Binance.
According to spot on chain data, there was a remarkable movement in the cryptocurrency market. A whale, identified to have a portfolio of $ 234 million, transferred 300 Wrapped Bitcoin (WBTC) to Binance just before the news that the US government had approved the sale of Bitcoin.
It is estimated that the whale earned approximately $9.98 million with this transaction.
According to on-chain data, the whale in question has been trading WBTC regularly since March 2023. Its strategy is generally based on buying at low prices and selling at high prices.
The whale currently holds 195 WBTC (approximately $18.4 million) on the Aave platform, with his total earnings from these transactions estimated to have reached $33.7 million (+33.2%).
Such large-scale transactions are closely monitored by cryptocurrency investors as they can cause fluctuations in the market. It is a matter of curiosity how the market will shape itself, especially after the developments regarding the US government's Bitcoin sale.
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