One of the largest Bitcoin whales, who has been quite active lately, sold 1,500 coins at $56,200 yesterday. Interestingly, they bought back a third of that quantity a day later at a higher price.

  • As outlined by CryptoQuant’s analyst going by the Twitter handle VentureFounder, the unknown BTC whale sold a large chunk of 1,500 bitcoins on October 3rd at $56,200 per coin. In USD terms, this substantial amount totaled $84,300,000.
  • This coincided with their recent strategy to dispose of some of the BTC holdings. Their address shows several sales in a row, including a massive one for 3,000 BTC on October 5th.
  • Previously, the whale had accumulated millions of dollars worth of the primary cryptocurrency from early September. In fact, their last sale evident in this address before October 5th was on September 2nd.
  • But now, they had four consecutive sales for 7,500 bitcoins in total in about a week. While it seemed that the whale had started to take profit after buying the dip in mid-September, they changed their tune once more and made a new purchase earlier today.
  • This time, the mysterious whale bought 494 BTC at $57,300. What’s more interesting about this is that it was the first time since August that they bought at a higher price shortly after selling some portions at a lower.
  • VentureFounder updated that the whale’s total stash now is 105,758 bitcoins (or more than $6 billion at today’s prices). Moreover, they sit on unrealized gains of $4.3 billion.
Third-Largest Bitcoin Whale Behavior. Source: Twitter
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

This article was originally published by cryptopotato.com on 2021-10-14 17:05:35. It can be viewed in it’s original state here: Source link .

Leave a comment

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. EZCrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Trading and investing is risky, do so at your own risk, and we advise people to never use more money than they can afford to lose. The cryptocurrency market is a volatile and risky market. Cryptocurrency trading may not be suitable for all users of this website.

EZCrypto © 2021. All rights reserved.

My Newsletter

Sign Up For Updates & Newsletters