While the Bitcoin price continues to hover above $60,000, albeit with difficulty, the transactions made by some major cryptocurrency whales are drawing attention.
A major crypto whale recently moved 119 BTC worth $7.14 million to Binance, according to Onchain data.
This whale had previously purchased 3,409 Bitcoins worth $195.4 million on Binance at an average price of $57,319 on December 1, 2023.
The whale has so far sold 320 BTC at an average price of $61,192 and received $19.59 million in return. The whale currently has 3,089 BTC worth $186 million.
The amount of profit to date, including unrealized ones, is $10.5 million.
On the other hand, seven more cryptocurrency wallets that had not touched any BTC assets for about a year have started to take action. These wallets, which probably belong to the same whale, recently transferred 203 BTC, or $12.18 million, to Binance. This whale bought these BTCs for an average of $26,047 between March 10, 2023 and August 7, 2023.
*This is not investment advice.