The leading cryptocurrency, Bitcoin, exceeded its ATH of $69,000 in November 2021 in March. At this point, while BTC was running from record to record, $ 73,000 was exceeded during the day and BTC ATH was renewed.
While new ATHs continued to arrive in Bitcoin, whales, taking advantage of the rise, started to sell profits.
According to Lookonchain’s post, before the BTC price exceeded $73,000, a smart whale using the address “bc1pj…” deposited 100 BTC (worth $7.22 million) to Binance to make a profit.
With this sale, Balina made a total profit of 217 million dollars and attracted great attention in the market and among investors.
The whale, which started accumulating BTC on August 24, 2023, purchased 8.5 thousand BTC (worth $279 million) from Binance at an average price of $32,854.
The total profit of the whale, which currently holds 4.3 thousand BTC ($313 million), is 217 million dollars.
“Bitcoin price just surpassed $73,000!
We share the smart whale who earned approximately $217 million in BTC and currently holds 4.3 thousand BTC ($313 million)!
This whale deposited 100 BTC ($7.22 million) to Binance 3 hours ago to make a profit.
Whale started accumulating BTC on August 24, 2023, withdrawing 8.5 thousand BTC (worth $279 million) from Binance at an average price of $32,854.
He then deposited 4.3 thousand BTC ($183 million) on Binance at an average price of $43,534.
The whale currently holds 4.3 thousand BTC ($313 million) and its total profit is approximately $217 million!”
Bitcoin continues to trade at $73,122 at the time of writing.
The #Bitcoin price just topped $73,000!
Sharing a smart whale who made ~$217M on $BTC, and currently holds 4.3K $BTC($313M)!
He deposited 100 $BTC ($7.22M) into #Binance 3 hours ago to take profits.
He started accumulating $BTC on Aug 24, 2023 and withdrew 8.5K $BTC($279M)… pic.twitter.com/8MG3thpg35
— Lookonchain (@lookonchain) March 13, 2024
*This is not investment advice.
