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Giant Whale Profits Millions of Dollars from Bitcoin (BTC) Surges!
The giant whale has not yet sold BTC.
Bitcoin (BTC), the leading cryptocurrency, is making sharp rises as of 2023. With the rises experienced by Bitcoin, the interest of investors trading in traditional financial markets in the crypto market has increased significantly.
Investors, who have trusted Bitcoin in recent years and bought gradually after each crash, have compensated for all their losses in the declines with the rises this year and started to make profits.
According to Look On-Chain, a successful data provider, the giant whale has invested more than $500 million in Bitcoin as of this year. Even for a product with a huge market cap like BTC, $500 million seems to be a large amount.
If the giant whale had made all of this investment in the range of 15 thousand – 20 thousand dollars, it would have doubled its assets as of now. The whale, on the other hand, preferred to collect BTC at all levels throughout the year.
Look On-Chain shared the following information about this whale's BTC investments:
"This whale started accumulating BTC on Jan. 17 and has accumulated a total of 14,599 BTC (worth $536.6 million); The average purchase price is ~$28,071.
WITH THE RISE OF BITCOIN, THE CURRENT PROFIT OF THIS WHALE HAS EXCEEDED 126 MILLION DOLLARS!"
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