In a notable event in the crypto world, a significant investor acquired 200 $BTC worth $12.56M following successful trading that yielded $181M, according to Lookonchain.
$BTC Accumulation and History
According to Lookonchain, the investor with a history of successful BTC accumulation has purchased 200 $BTC again. Back in the last year, from August 24 to September 2, the investor bought 6,000 $BTC at an average price of $26,429, with a total spending of $158.6M.
Strategic Buying Amid Market Dip
The investor made this recent acquisition amid a market downturn, signaling a strategic play before anticipated price increases. Previously, the same investor purchased 2,000 $BTC for $88.76M at $44,381, occurring before the release of the Bitcoin ETF on January 10.
Sale of 1,500 $BTC in March
The most notable move involved selling 1,500 $BTC in March at an average price of $68,398, yielding $102.6M. This mirrors the whale's sharp strategy in leveraging market peaks.
This case underscores the strategic capabilities of major crypto investors and their ability to act upon changing market conditions.