Spot Bitcoin ETFExpectations regarding the approval and subsequent processing of BTC While the price rose above $48,000, whales took advantage of this rise and sold.
According to Lookonchain’s post, a whale selling Bitcoin earned approximately $74 million after spot ETF approval.
Accordingly, from October 2022 to December 2023 BTC The hoarding whale collected 2,742 Bitcoins from Binance.
All BTC after whale spot ETFs opened for trading, collecting Bitcoins at an average cost of $19,337 to Binance deposited.
Whale earned more than $74 million from this BTC trade.
“A whale deposited his entire 2,742 BTC (worth $127.5 million) to Binance to make a profit after the Bitcoin spot ETF opened trading.
Whale withdrew 2,742 BTC (worth 53 million) from Binance between October 7, 2022 and December 29, 2023. BTC average price is $19,337.
Profit exceeded 74 million dollars!”
Bitcoin is at $46,016 at the time of writing.
A whale deposited all 2,742 $BTC($127.5M) to #Binance to take profits after the #Bitcoin spot ETF opened trading.
The whale withdrew 2,742 $BTC($53M) from #Binance between Oct 7, 2022, and Dec 29, 2023, at an average price of $19,337.
The profit exceeded $74M! pic.twitter.com/1O96Z9ihie
— Lookonchain (@lookonchain) January 12, 2024
*This is not investment advice.
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