Gigantic BTC whale hits $217 million jackpot on Bitcoin as prices surge
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According to the information provided, the whale owned 8,500 BTC as of Aug. 24, 2023. As Bitcoin's price increased, the whale deposited or sold 4,300 BTC worth $183 million into Binance at an average price of $43,534. A few hours ago, the whale deposited or sold 100 BTC worth $7.22 million into Binance again to take profits.The whale currently owns 4,300 BTC, which is worth $313 million at current rates, and has a total profit of $217 million.
With a massive stash of 4,300 BTC left, questions remain about the whale's next move. Will they cash out and take their winnings, or will they continue to hold on in anticipation of even higher valuations? Only time will tell.Numerous data points to a striking resemblance to previous ATH breakouts, with a wealth transfer from old HODLers to new investors and speculators already occurring.At press time, Bitcoin was changing hands at $73,254, up 1.74% over the past 24 hours.
Bitcoin slipped nearly 6% shortly after reaching highs of $73,027 in Tuesday's trading session before the bulls regained control. Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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