A Bitcoin Whale's Large Deposit on Binance Yields Potential Profits of up to $7.76 Million
Publication Time:2024-08-12 19:56:07
According to reports, a Bitcoin whale recently transferred nearly $3.5 million worth of crypto assets, or 191.89 BTC, to the Binance trading platform. This move came after the whale had engaged in significant buying activities over the period from July 2021 to November 2022, during which the market was relatively low. Based on current market prices, if this whale were to sell all of these bitcoins, it could realize an estimated $7.76 million in profits. It is worth noting that while the details of this transaction have not been fully disclosed, one can speculate that the whale adopted a cautious strategy in this operation to ensure a certain profit margin in the face of market fluctuations. Currently, the whale still holds approximately 300 BTC, with a total floating profit of $12.14 million, indicating an overall profit level of an astonishing $19.9 million during this time frame.
Bitcoin
Binance
Profit
Trading
Whale