A savvy Bitcoin whale recently sold off millions of dollars worth of Bitcoin after holding onto it for five months.
Whale Profits Big
According to the crypto tracker Lookonchain, the whale sold 200 Bitcoin, worth about $11.6 million, earlier this week. This whale has a reputation for buying low and selling high, and they’ve made a total profit of over $168 million! They still have 2,800 Bitcoin left, worth about $164.4 million.
Another Whale Follows Suit
This isn’t the only whale unloading Bitcoin. A different address deposited 119 Bitcoin, worth $7.14 million, to the Binance exchange last Saturday. This whale has also been making a profit on Bitcoin, withdrawing a total of 3,409 Bitcoin from Binance since December 1st, 2023. They’ve deposited 320 Bitcoin back onto the exchange, leaving them with 3,089 Bitcoin. This whale has made around $10.5 million in profit.
Bitcoin Still Up
Bitcoin is currently trading at $60,557. While it’s down nearly 18% from its all-time high of $74,000, it’s still up more than 5% in the past week.
Disclaimer: This information is for general knowledge and not financial advice. Do your own research before making any investment decisions.
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