Bitcoin (BTC) has risen since the beginning of the year, exceeding $ 44,000. While investors were waiting for further rises, some investors started to sell profits.
At this point, Lookonchain said that a whale started selling after 8 months of patient waiting.
Accordingly, this whale bought 289 WBTC at $29,967 for 8.67 million USDC in April 2023. Thinking he had waited long enough, the whale sold 230 WBTC (worth $9.44 million) today at $41,041.
He currently holds 59 WBTC worth $2.43 million.
This whale's current profit, including the WBTCs it holds, is around $3.2 million.
“Making money often requires patience.
A trader waited 8 months and then sold WBTC to make a profit.
The trader spent 8.67 million USDC on April 1, buying 289 WBTC at $29,967, and then sold 230 WBTC ($9.44 million) at $41,041 today.
And he currently holds 59 WBTC ($2.43 million) and his total profit is around $3.2 million.”
Making money often requires patience.
A trader sold $WBTC to make profits after waiting for 8 months.
The trader spent 8.67M $USDC to buy 289 $WBTC at $29,967 on Apr 1, then sold 230 $WBTC($9.44M) at $41,041 today.
And currently holds 59 $WBTC($2.43M), with a profit of ~$3.2M. pic.twitter.com/ProMXBrVQ6
— Lookonchain (@lookonchain) December 18, 2023
*This is not investment advice.
