On September 30, COINOTAG reported, drawing from @ai_9684xtpa’s data, that a significant whale or institutional investor, who initially entered the Bitcoin market at $23,443 two years ago, has potentially liquidated 265.894 BTC. This move is estimated to have garnered an impressive $11.28 million in profit. The wallet address bc1q75 transferred these bitcoins from Bitfinex to Binance approximately 7 hours ago, following a withdrawal during the bear market in February 2023. At the current recharge rate of $65,863, the speculative gain is a staggering 181% if a sale is executed. This maneuver showcases the enduring volatility and potential profitability within the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/whale-profits-11-28m-by-liquidating-265-894-btc-at-181-return-rate/