Giant Whale Action: 555 Bitcoins Rapidly Transferred, Valued at $37.24 Million
Publication Time:2024-07-23 11:21:10
Latest figures indicate that a cryptocurrency trader known as a 'Giant Whale' successfully withdrew 555 bitcoins from the Binance platform within the past 11 hours. Calculated by the current market price, this batch of bitcoins is worth approximately $37.24 million. This transaction highlights the substantial amount of capital flow and large trading volumes in the market, attracting widespread attention from both industry insiders and outsiders. It's noteworthy that this Giant Whale accumulated 855 bitcoins over the last 13 days with an average price of $63,883 each, totaling $54.62 million, showcasing their keen insight into the market and investment strategies. Looking back, they also made a successful Bitcoin swing trade in March. They bought Bitcoin at $62,753 and sold it at $65,171, earning over $500,000 in profit. These data not only reveal the high level of activity in the Bitcoin market but also reflect the professional knowledge and market sensitivity of traders at the Giant Whale level when making decisions. This transaction once again proves the volatility of the cryptocurrency market and reminds investors to consider their transactions carefully to cope with potential risks and opportunities. As Bitcoin and other cryptocurrencies continue to grow and become more popular worldwide, such large-scale transactions will have a significant impact on market dynamics and will continue to attract global investor attention.
Bitcoin
Cryptocurrency Market
Massive Transfer
Binance Platform
giant whale trading