According to data from Onchain Lens, a significant cryptocurrency trader, often referred to as a whale, has strategically accumulated 4,561 Bitcoins over the past two years via Binance and KuCoin. This acquisition required an investment totaling $120.3 million. Recently, the same whale executed a notable transaction, moving 397.96 BTC to Binance three months ago, followed by a transfer of an additional 564.54 BTC, valued at $51.9 million, just yesterday. Following these transactions, the whale successfully liquidated the entire 4,561 BTC for an impressive return of $231 million, which resulted in a net profit of $111.84 million. This activity underscores the potential profitability of strategic cryptocurrency investment amidst market fluctuations.
Source: https://en.coinotag.com/breakingnews/whale-accumulates-4561-bitcoins-over-two-years-profiting-111-84-million-in-major-binance-transactions/