According to a recent report by COINOTAG, a significant transaction has captured the attention of analysts. On October 30, data from Lookonchain revealed that a prominent investor, often referred to as a whale, acquired 568.5 bitcoins for approximately $23.55 million at a price of $41,420 back on April 11, 2022. Following this investment, the market entered a bear phase, during which the trader exhibited notable patience, ultimately leading to a substantial unrealized profit of $14.2 million as Bitcoin shows signs of recovery.
In contrast, this investor also purchased 5,734 Ethereums in December 2021 for around $21.73 million at a price of $3,789. Currently, this position reflects a floating loss of $6.13 million, underscoring the volatility inherent in the cryptocurrency market. The contrasting fortunes of these investments illustrate the necessity for strategic foresight in crypto trading and the potential for wide fluctuations in asset performance.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-gains-14-2-million-profit-after-patiently-waiting-for-market-recovery/