Bitcoin Whale Jumps To $3 Billion In 3 Months
– The Bitcoin whale appeared in May 2023 with 0.199 BTC worth $5,420.
– By the end of May, the whale had over 57,300 BTC worth $1.59 billion.
– The whale continued adding to its balance and nearly doubled it by August.
– At its peak, the whale held 118,000.20 BTC worth $3.72 billion.
– Presently, the whale’s holdings are down and worth $700 million less.
Is The BTC Whale Making Profit?
– The whale has not sold or dipped into its holdings in the last three months.
– There have been significant dips in the value of its holdings, but it held on.
– The whale implemented a dollar-cost averaging investment strategy to mitigate losses.
– The whale’s holdings are now worth $3.084 billion, with a $91.279 million loss.
Hot Take:
The Bitcoin whale has made impressive gains, starting with a small balance and growing it to $3 billion in just three months. Although the whale’s holdings have decreased in value, its strategic investment approach has helped minimize losses. It will be interesting to see how the whale’s holdings evolve in the future.
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