As the rally in Bitcoin continues, BTC exceeded $42,000 during the day. BTC increased by 5.3% in the last 24 hours, increasing its weekly gains to over 12%.
While this rise in BTC mobilized the market, whales also took action to take profits.
According to Lookonchain’s post, a whale sent 1,000 BTC worth $41.46 million to Binance about a few hours ago.
This whale made a lot of money from his Bitcoin investment. Accordingly, the whale received 6,000 BTC worth $158.7 million from Binance from August 24 to September 2.
This smart whale then turned the rises into an opportunity and deposited a total of 3,000 BTC (worth $105.5 million) to Binance on October 18, November 8, and December 4, earning approximately $26 million.
“A giant whale deposited 1,0000 BTC ($41.46 million) to Binance 1 hour ago.
Whale purchased 6,000 BTC ($158.7 million) from Binnace from August 24 to September 2.
The whale then deposited a total of 3,000 BTC ($105.5 million) to Binance on October 18, November 8, and December 4, earning approximately $26 million.
This smart whale currently holds 3,000 BTC ($125.2 million) and unrealized profits of approximately $45.8 million.”
The whale currently holds 3K $BTC($125.2M), with an unrealized profit of ~$45.8M.
Address:https://t.co/4CXNXErWz6
— Lookonchain (@lookonchain) December 4, 2023
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/whale-activity-in-bitcoin-giant-whale-started-snow-sale/