Realize profits or reduce risks? The third largest Bitcoin wal has just sold 1,500 BTC for 54.3K
Realize profits or reduce risks? The third largest Bitcoin wal has just sold 1,500 BTC for 54.3K
In the past seven days, Bitcoin's price has increased by about 23% according to Coingecko data. It is a considerable progress in a relatively short time, and the third largest BTC wal has decided that it is time to take some profits with you.
The third largest Bitcoin address currently holds around 108,265 BTC to Bitinfocharts.
However, it seems that the whaling has decided that it is time to make profits or to reduce its risk to a certain extent. Today, the address sold 1,500 BTC at $ 54,300 worth almost $ 81.5 million. That was notes from a cryptoquant analyst that pointed out that "this whale has bought 45,000 USD/BTC since the break-in at the beginning of September, sold 4,500 of them since then and achieved a total profit of $ 28.5 million".
Comment on this topic, the cryptopotato-analyst Daniel Joe said:
I think we can expect further sales, especially if BTC goes into the range of 55,000 to 58,000. The whale used to buy 15,227 Bitcoin between 50,000 and 58,000, so I think that they will reduce the risk to achieve the profit threshold or make a small profit. Still low sales because the whale is a net runner.
In fact, this was only a tiny fraction of the total stock of the whale. How cryptocolor reported Before that, the address recently bought $ 40.5,000 in the value of around $ 13 million during the break-in in September. In fact, the entity continued Back then And added Bitcoin worth a total of $ 170 million in two weeks.
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