Crypto Whale Bags $8.9M Profit, But Lost All After Buying Back at Higher Price

Coinpedia 11 months ago 180

Fed Uncertainty and Whale Moves Crush Bitcoin Support-Is $57k Next?

The post Crypto Whale Bags $8.9M Profit, But Lost All After Buying Back at Higher Price appeared first on Coinpedia Fintech News

A recent move by a whale trader has captured attention, showing both profit-taking and a costly re-entry. According to data from Lookonchain, this whale initially sold 619 Wrapped Bitcoin (WBTC ($105,964.00)) worth $46.48 million four days ago for $75,029, securing a profit of $8.9 million. However, after Bitcoin’s price surged past $80,000, the whale repurchased 562 BTC ($106,029.00) at $80,895, spending $45.48 million on the buyback. The trader’s early sale now appears premature, as the re-entry came at a higher price, potentially cutting into profits.

BitRss shares this Content always with

License.

Read Entire Article

Screenshot generated in real time with SneakPeek Suite

Search Crypto News

The latest Top News, only from Leading exponents of BlockChain, Bitcoin, Altcoins and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News and the Sources; for this reason we have designed this New Version of BitRss.com with a clean and simple Style, usable by all Devices, fast and effective. Our exclusive Algorithm, in addition to filtering (a lot..) sponsored content of dubious interest, Lists the News, in Chronological order of Publication on the Internet, allowing our Users to Follow the Flow of Articles in a fast and intuitive way.

You can also check the Cryptocurrency Price in Real Time directly in the shared Articles (the TAG's highlighted in green), which allows you to Learn more about the Market Trend of that particular Coin with many other related information. Each content includes always a Screenshot of the Article's Source.