7 wallets that have been inactive for the last year and most likely belong to the same whale, sent 203 BTC ($12.18 million) to Binance 6 hours ago.
The move netted the whale a profit of $6.89 million. According to Lookonchain data, the whale purchased 203 BTC at $26,047 for a total of $5.29 million between March 10 and August 7, 2023.
They took action when Bitcoin price increased
Bitcoin price has increased by 3.4% in the past 24 hours and has risen above $60,000 again. This increase has allowed large investors to profitably dispose of the BTC they have purchased in recent months. Bitcoin reaching these levels once again reinforces the positive atmosphere in the market and continues to attract the attention of large investors.
Bitcoinâs re-crossing of $60,000 is coupled with growing institutional interest in the cryptocurrency market and strategic moves by large investors. Whaleâs massive 203 BTC transaction shows that outsized returns are possible despite market volatility. Such moves demonstrate that investors are closely monitoring market developments and seizing opportunities.
Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, shared a post about the profits made by Bitcoin investors, stating that old whales are making double profits at current prices.
DYOR! #Write2Win #Write&Earn $BTC
