Bitcoin Whale Worth $603 Million Is Buying Despite the Rise.
#Bitcoin has gained more than 3 percent in the last 24 hours and has passed the $60,000 barrier again. According to crypto whales, the price may continue to rise.
According to data from on-chain and analytics platform Lookonchain, a whale withdrew 800 BTC ($45.37 million) from the Binance exchange on September 12. However, it is stated that this whale has lost more than $40 million by buying BTC at high prices and selling at low prices in the last three months. The relevant wallet address is: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.
In a second post from Lookonchain on the same day, it was reported that the same whale withdrew another 300 BTC ($17.41 million) from Binance. Following this transaction, it was stated that the whale had a total of 8,981 #BTC ($519 million).
After the Bitcoin price exceeded the $60,000 level today, the whale purchased another 1,062 BTC ($63.96 million). With this transaction, the whale's total $BTC amount reached 10,043 BTC ($603.84 million).
These transactions show that the whale reacts to price movements in the market on a large scale and actively manages its Bitcoin portfolio.