Smart whale took great profit from BTC

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Jan 12, 01:08

SOC Team

Smart whale took great profit from BTC

Outflow

Related addresses

bc1qu6zx8j5ckajut380ld4n38ckyr2s6858qp3lnj

bc1qqzm7wecxav5ns9f35pgcz9f8zt06ncrvwcfr5g

bc1qdfyjqq75ew8h88476xnwf5l9dhzchzegj8lxjl

Total tokens transferred

2.742K

BTC

A whale deposited all 2,742 BTC ($127.7M) to Binance at $46,570 on average via 3 addresses in the past 9 hours, mostly after the Bitcoin Spot ETF was opened for trading:

address 1: bc1qu6zx8j5ckajut380ld4n38ckyr2s6858qp3lnj
address 2: bc1qqzm7wecxav5ns9f35pgcz9f8zt06ncrvwcfr5g
address 3: bc1qdfyjqq75ew8h88476xnwf5l9dhzchzegj8lxjl
Binance deposit: bc1qf0fmwwtzpguv6snnwkgxfzdxmwg0xsq7gddrv0

Notably, the whale withdrew those BTCs from Binance at an average price of only $19,338 (estimated cost: $53M) between October 07, 2022, and December 29, 2023. If truly selling all now, the whale would realize a $74.7M (+41.5%) profit from BTC after over a year.

Fig 1. The whale's overall BTC trading history.

#bitcoin

#btc

#profit

#etf

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