Whale Nets Estimated $3.5M Profit Just Two Days After Buying the BTC Dip
An anonymous cryptocurrency whale has reportedly turned a quick profit of approximately $3.5 million after buying the Bitcoin dip and depositing the assets to an exchange just two days later, according to blockchain tracking firm Lookonchain. The whale address, beginning with bc1qkg4h, acquired 1,656 Bitcoin (BTC) at an average price of $59,734, spending roughly $98.93 million. Three hours ago, the same address deposited the entire amount to Binance, a move typically interpreted by analysts as an intention to sell. At current market prices, the deposit valued the holdings at approximately $102.43 million, yielding a net gain of $3.5 million in under 48 hours.