In a significant development in the cryptocurrency realm, a sharp whale investor has recently bought an extra two hundred $BTC with a value of $12.56M. As per Lookonchain, a famous on-chain analytics firm, this acquisition has taken place after a move of nearly $181M in profits with Bitcoin trading. The analytics provider offered the details of this development in an X post.
A smart whale with a profit of ~$181M on $BTC bought another 200 $BTC($12.56M) today!
The whale bought 6,000 $BTC($158.6M) at $26,429 from Aug 24 to Sept 2, 2023, and bought another 2,000 $BTC($88.76M) at $44,381 before the #Bitcoin ETF launched on Jan 10.
He wisely sold 1,500… pic.twitter.com/8MGoF9xX7D
— Lookonchain (@lookonchain) October 12, 2024
Bitcoin Whale Pockets 6,000 $BTC with Timely Sells and Buys between August 24 and September 2nd
Lookonchain mentioned that the respective whale is not new in the case of $BTC accumulation. Hence, the whale has a history of timely Bitcoin sales and buys. Between the 24th of August to the 2nd of September last year, the respective investor acquired an enormous 6,000 $BTC. This purchase took place at $26,429 as the average price. The cumulative amount that the whale recompensed reached $158.6M.
In addition to this, the whale reportedly purchased these tokens during a market plunge. This indicated that the whale was making a strategic move before the predicted price increases in the future. Formerly, the investor had bought 2,000 $BTC for almost $88.76M at a price of up to $44,381. This occurred before the much-anticipated release of the Bitcoin exchange-traded fund on the 10th of January.
The Whale Sells 1,500 $BTC Tokens at March High, Resulting in an Enormous Return of $102.6M
The most noteworthy move of the whale, however, took into account the sale of approximately 1,500 $BTC. This took place at the March high, where the top crypto asset touched an average price of $68,398. The respective sale resulted in receiving a massive $102.6M, mirroring the sharp potential of the whale to leverage the market peaks.