Bitcoin and altcoins rose over the weekend following the failed assassination attempt against US presidential candidate Donald Trump.
Although the activity in Mt.Gox wallets at the beginning of the week pulled BTC down slightly, positive factors such as the FED's expectation of an interest rate cut, strong spot BTC ETF inflows and the impending launch of spot Ethereum ETFs supported the rise.
While Bitcoin was rising above $65,000 at this point, a whale who was very successful in finding the bottoms and selling high bought 245 BTC for $15.98 million today.
According to Lookonchainn's post, this whale, who is good at buying BTC at low prices and selling it at high prices, traded BTC twice last year and earned more than 30 million dollars.
“A smart whale bought 245 BTC ($15.98 million) again 3 hours ago!
This smart money is good at buying BTC at low prices and selling at high prices.
He traded BTC 2 times last year and earned more than $30 million!
From August 9 to December 18, 2023, he bought 718 BTC at an average price of $29,385 and sold it at $41,953, earning $9 million.
From February 7 to June 20, 2024, he bought 1,181 BTC at an average price of $48,822 and sold it at $66,792, earning $21.2 million.”
*This is not investment advice.