“Smart Whale” Wins Over $65,000,000 in Bitcoin After Masterful BTC Trading: Lookonchain
A Bitcoin (BTC) whale has been spotted making huge gains in a series of expert-level transactions, on-chain data shows.
As blockchain tracking firm Lookonchain reports, a Bitcoin address that started with 37BnFf launched a series of swing trades starting in late 2022, buying aggressively throughout the year and only selling in April and early December.
After the latest round of profit-taking, Lookonchain said the whale sent $62.9 million to crypto exchange Binance.
“This smart whale is very good at buying BTC at low prices and selling at high prices.
He/she deposited 1,449 BTC ($62.9 million) to Binance 50 minutes ago and still has 1,455 BTC ($63.16 million) left, with a total winnings of ~$65 million.
The last time he/she dumped BTC was on April 16th when the price peaked.”
Source: Lookonchain/X
Lookonchain discovered another Bitcoin whale with a similar strategy of buying on BTC declines and selling at only a few opportune times this year. According to the company, the giant Bitcoin whale deposited over $132 million worth of BTC into Binance after making a profit of $23 million.
“A smart whale deposited 3,000 BTC ($132.7 million) into Binance today, equivalent to about $23 million.
This whale has traded BTC three times in the past year, each time he/she bought BTC at low prices and sold BTC at high prices.
The total winnings are approximately $61 million and the win rate is 100%.”
Source: Lookonchain/X
At the time of writing, Bitcoin is trading at $43,823.
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