A Bitcoin Whale Earns $65 Million in Profits Through Expert Trading
A Bitcoin (BTC) whale has made significant profits through a series of expert-level trades, according to on-chain data. The whale, identified by the blockchain tracking firm Lookonchain, began a series of swing trades in late 2022. The whale aggressively bought BTC throughout this year and sold only in April and early December. After the latest round of profit-taking, the whale transferred $62.9 million to crypto exchange Binance. Lookonchain describes this whale as someone who is skilled at buying BTC at price lows and selling at highs. The whale currently holds 1,455 BTC ($63.16 million), with a total profit of approximately $65 million.
Another Smart Whale Makes $23 Million in BTC Profits
Lookonchain also discovered another Bitcoin whale following a similar strategy of buying BTC dips and selling at opportune times. This particular whale has made $23 million in profits and deposited over $132 million worth of BTC into Binance. The whale has traded BTC three times in the past year, consistently buying at price lows and selling at highs. Their total profit stands at approximately $61 million, with a 100% win rate.
Bitcoin’s Current Price
At the time of writing, Bitcoin is trading at $43,823.
Hot Take: Smart Whales Rake in Millions from Bitcoin Trading
These recent examples of smart whales profiting from Bitcoin trading highlight the potential for significant gains in the cryptocurrency market. By strategically buying during price lows and selling during highs, these whales have amassed substantial profits totaling millions of dollars. Their success serves as an inspiration for other traders looking to navigate the volatile crypto market successfully. However, it’s important to note that trading strategies can vary, and individual results may differ. Nonetheless, these smart whales demonstrate the potential rewards of skilled and well-timed trading in the crypto space.
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