On November 19, the price of bitcoin reached a new all-time high, which allowed one trader to earn a profit of $6.85 million. This information was published by Lookonchain specialists.
From November 6 to 8, the user sold 619 WBTC for $46.44 million at an average price of $75,029, which brought him $8.85 million. However, soon the bitcoin price exceeded $80,000.
After that, the trader purchased 562 WBTC for $45.46 million at a price of $80,895 and sold them on November 19, when the price of the first cryptocurrency rose to $93,050, earning $52.3 million. The total profit amounted to $6.85 million.
At the time of preparing the material, the price $BTC , according to CoinGecko, was $93,467.
Earlier, Glassnode stated that the current levels of cryptocurrency prices have not yet led to mass profit-taking by long-term investors.
