While the Bitcoin price continues to hover above $60,000, transactions made by some major cryptocurrency whales are drawing attention.
Current Whale Transactions
According to Onchain data, a major crypto whale recently moved 119 BTC worth $7.14 million to Binance.
Brief History of Purchases and Sales
This whale had previously purchased 3,409 Bitcoins on Binance at an average price of $57,319 in December 2023. The whale has so far sold 320 BTC at an average price of $61,192, receiving $19.59 million in return. The whale currently holds 3,089 BTC worth $186 million, with total profit, including unrealized ones, amounting to $10.5 million.
Additional Wallet Activity
Additionally, seven cryptocurrency wallets that had not seen any activity for about a year started moving. These wallets, likely belonging to the same whale, recently transferred 203 BTC to Binance. These Bitcoins were purchased at an average price of $26,047 between March and August 2023.
Such activity by cryptocurrency whales can have market impacts and is attracting analyst attention.
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