Bitcoin whale draws attention: What is he aiming for?

A new whale transaction has been observed in Bitcoin (BTC), which has been performing below expectations since the beginning of June.

According to data provided by on-chain data platform Lookonchain, a whale recently withdrew 800 BTC ($45.37 million) from Binance. The previous transactions of the whale, who transferred his assets to his personal wallet in anticipation of a potential increase, have become a hot topic.

Looking at the on-chain transactions of the whale who transferred 800 BTC to his personal wallet, Lookonchain reported that the whale had previously lost $40 million as a result of wrong moves.

According to the data, the whale bought $19 million worth of #BTC on September 3. The whale, who had been buying since September with an expectation of an increase, left his pocket with approximately $140 million.

The whale, who attracted attention with his voracious purchases, sold approximately half a billion dollars worth of BTC between June 27 and July 8. The whale, who bought at high prices and sold at low prices, was criticized by crypto investors.

Moving against the market, the whale recently bought 800 BTC, which attracted attention. Rumors arose that the whale may have bought $BTC high, as it did in the past.

The leading crypto gained nearly 3 percent in value in the last 24 hours, reaching $58,000. The $60,000 level was targeted for BTC, which recorded a trading volume of $56 billion in the last 24 hours. Crypto analyst Michaël van de Poppe stated that if #BTC maintains the $56,000 support, it could test $62,000.