Whale Games: Bitcoin Trader Takes $11.6M Profit But Guess How Much More They're Sitting On
Portfolio Pulse from Khyathi Dalal
A Bitcoin whale has sold 200 BTC for $11.6 million, while still holding 2,800 BTC worth $164.4 million. With Bitcoin reclaiming $60,000, traders predict a potential bull run. The cyclical nature of Bitcoin suggests no bearish trends until Q4 2025.
September 17, 2024 | 8:07 pm
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A Bitcoin whale sold 200 BTC for $11.6 million, indicating profit-taking as Bitcoin prices rise. The whale still holds 2,800 BTC, valued at $164.4 million. Traders predict a potential bull run as Bitcoin reclaims $60,000.
The sale of 200 BTC by a whale for $11.6 million suggests profit-taking at current price levels, indicating confidence in Bitcoin's price strength. The whale's continued holding of 2,800 BTC and the reclaiming of the $60,000 mark by Bitcoin suggest a bullish sentiment. Traders' predictions of a bull run and the cyclical nature of Bitcoin's price trends further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100