Smart Whale Takes Action for Bitcoin After 8 Months: Is He Expecting a Fall?

A cryptocurrency whale, who stands out with his successful transactions, attracted attention with his latest Bitcoin (BTC) transfer.

The whale, which has managed to buy Bitcoin from the bottom and sell it from the top many times in the past period, 8 December The day he took action again. Reported by on-chain analysis platform Lookonchain to data According to the whale, cryptocurrency exchange Binance $62.9 million worth 1,449 BTC transferred.

Whale in the past months Between 24 thousand dollars and 36 thousand dollars He had accumulated thousands of Bitcoins by making piecemeal purchases. He is in the hands of the whale after his last transfer. $63.16 million worth 1,455 BTC remained. The whale’s profit is already for $65 million reached.

This sale, which was carried out by the whale for the first time in months, was interpreted as a possible decline expectation.

whale last on April 16 He had transferred Bitcoin to Binance and that point was a short-term top for Bitcoin. In the 59 days following the whale’s last sale on April 16, Bitcoin has been at a rapid pace. It lost around 20% of its value.

According to CoinGecko data, in the last 24 hours 1.4% increase Bitcoin exhibiting, at the time of writing from $43,886 is being traded.


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