The leading cryptocurrency, Bitcoin, reached the long-awaited level of $ 69,000 yesterday for a short time, but could not hold on there.
BTC fell to $ 59,000 within hours after the selling pressure it encountered.
While altcoins saw sharp movements along with Bitcoin, whales also got active and turned these declines into opportunities.
According to Lookonchain's post, a whale turned the declines into an opportunity and bought $4 million worth of Bitcoin and Ethereum (ETH).
“After the market crashed, the whale purchased 50.43 WBTC (valued at $3.22 million) at $63,828 and 286 ETH (valued at $1 million) at $3,502.
With its last purchase, Whale purchased 812.48 WBTC (valued at $37.3 million) at an average price of $45,903 and 11,186 ETH (valued at $28.06 million) at $2,509, resulting in an unrealized profit of over $30 million.”
At the time of writing, Bitcoin continues to trade at $66,720 and ETH continues to trade at $3,840.
*This is not investment advice.