A cryptocurrency investor made a remarkable $13.5 million profit in just four days through strategic Bitcoin transactions, disclosed by Lookonchain, a blockchain analytics platform.
Initially withdrawing 2,742 Bitcoins valued at $118.66 million from Binance when Bitcoin was at $43,277, the investor redeposited the same amount at $48,193 per Bitcoin as its value rose to $132 million.
This timely move, preceding Bitcoin‘s stabilization at $48,250.37, highlights the potential gains in navigating crypto market volatility.
While some question whether waiting longer could have yielded higher returns, analysts like Ali (@ali_charts) emphasize Bitcoin’s robust support levels, suggesting a possible climb toward $57,000.
The surge in whale holdings indicates their confidence in Bitcoin’s long-term potential, despite recent market fluctuations. These whales may be capitalizing on price dips to accumulate more Bitcoin at discounted rates, anticipating future rallies.
Bitcoin recently surpassed $48,000 for the first time in a month, with U.S. exchange-traded funds witnessing a steady influx of investment and a growing risk appetite in financial markets.
As of now, BTC has risen by 1.42% in the last 24 hours, reaching $48,262. It has also seen a 13% increase over the week, potentially marking its seventh consecutive day of gains if today ends positively.
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