Bitcoin (BTC) investors finally started to make profit sales after a difficult waiting period of approximately 2 years.
The whale, which started buying Wrapped Bitcoin (WBTC) in January last year and had to wait at a loss during the subsequent bear season, has finally smiled.
Reported by on-chain analysis platform Lookonchain to data according to whale, in January 2022 price $42,560 He started buying WBTC when he was at the level. Whale’s first step January 13 on 3 million dollars worth 70WBTC was to take. At that time, the whale transferred all of these assets to the decentralized finance (DeFi) project. to Compund (COMP) he had conveyed.
Next February 15 day of WBTC 42 thousand dollars The whale got FOMO when he saw it coming on top of him. $3.4 million worth 80WBTC took more.
Investors were not satisfied with their purchases and On March 15, 2022 again $1.57 million worth 40WBTC bought more. Then the price of WBTCIt exceeded 47 thousand dollars but he did not sell to make a profit. But shortly after this purchase, WBTC a long-term decline entered the trend.
Seeing the downward trend as an opportunity to reduce costs, the whale wallet continued to decline for about a year and a half. $8.7 million worth bought another 401.
Ultimately, the cryptocurrency market 2023 With its good performance, especially in the second half of the year, investorshold” began to reap the fruits of his strategy. Bitcoin finally for 44 thousand dollars The whale started its sales when it reached $9 million profit got it.
The wallet in question was last transferred to the cryptocurrency exchange Binance on December 10. 100 WBTC worth $4.3 million deposited.