Bitcoin has gained more than 3% in the last 24 hours and crossed 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 lost more than $40 million in the last three months by buying BTC at high prices and selling at low prices. 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. After this transaction, the whale was reported to have a total of 8,981 BTC ($519 million).
Bitcoin continues to buy
After the Bitcoin price surpassed the $60,000 level today, the whale purchased an additional 1,062 BTC ($63.96 million). With this transaction, the whale’s total BTC holdings reached 10,043 BTC ($603.84 million).
These transactions suggest that the whale is making large-scale reactions to market price movements and is actively managing its Bitcoin portfolio.
Stay tuned for new information.
