An analytical platform Lookonchain has reported on the achievements of a major Bitcoin investor who managed to earn $91.5 million thanks to well-planned strategies.
Whale Made $91.5M in Profit
According to the data, the whale sent 400 BTC (worth $47.1 million) to Binance to take profits. The investor started accumulating Bitcoin in June 2023 and continued in November 2024, buying a total of 1,500 BTC at an average price of $56,282 per coin. This investment portfolio amounted to approximately $84.4 million. As of now, Bitcoin's price has almost doubled.
Whale Still Holds Over $129M in Bitcoin
Even after the recent sell-off, this wallet is far from empty. The whale still holds 1,100 BTC, valued at roughly $129 million. This shows confidence in Bitcoin’s longer-term outlook despite taking some profits.
Bitcoin's Price Outlook
Currently, Bitcoin's price is trading around $118,750, reflecting a slight rise in the past 24 hours. The crypto market's total capitalization has climbed to $2.35 trillion, supported by institutional inflows and strong demand from ETFs and spot buyers. Such whale activity highlights the current phase of profit-taking, as the market remains bullish. Analysts believe these moves can act as short-term price pressure, but overall sentiment remains strong.
The actions of large investors, such as this Bitcoin whale, underline confidence in the future of the cryptocurrency market and showcase the importance of strategy and analysis for successful trading.
