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- A smart whale profited ~$181M from strategic BTC trades, recently adding another 200 BTC.
- The whale sold 1,500 BTC during a price peak, currently holding 2,615 BTC with substantial total profits.
According to a Lookonchain report, a smart whale—who has already benefited around $181 million from Bitcoin (BTC)—made another major buy of 200 BTC valued at $12.56 million.
Renowned for its systematic purchasing and selling behavior, this whale bought 6,000 coins between August 24 and September 2, 2023, at an average price of $26,429, therefore accumulating $158.6 million. Moreover, the whale bought 2,000 BTC at $44,381 before the much awaited release of the Bitcoin ETF on January 10, therefore adding $88.76 million.
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
Strategic Whale Actions Highlight Market Timing Mastery
The timing of this whale’s transactions makes its behavior especially notable. Selling 1,500 BTC for $102.6 million at an average price of $68,398 during a price top in March, the whale profited from a market boom.
This well-considered action not only proved the whale’s awareness of market cycles but also strengthened its status for wise trading. Currently holding 2,615 coins, valued at around $165 million, the whale has made a total profit of almost $181 million via this transaction-oriented development.
Previously, CNF revealed a notable movement in a dormant Bitcoin whale from 2009 who transferred $3.58 million worth of BTC to Kraken. Given that this whale still has over 1,169 BTC, this occurrence sparked rumors regarding the actual name of Satoshi Nakamoto, the enigmatic designer of Bitcoin.
Since these BTC were mined one month following the mainnet debut, the acts of the big pocket investors are much more fascinating in the crypto market.
Meanwhile, as of writing, BTC is trading at about $62,774.25, slightly rising 0.21% over the last 24 hours. The daily trade volume is astonishingly $16.06 billion.
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