BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later

Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later
One of the largest Bitcoin whales, who has been quite active lately, sold 1,500 coins at $56,200 yesterday. Interestingly, they bought back a third of that quantity a day later at a higher price.

As outlined by CryptoQuant’s analyst going by the Twitter handle VentureFounder, the unknown BTC whale sold a large chunk of 1,500 bitcoins on October 3rd at $56,200 per coin. In USD terms, this substantial amount totaled $84,300,000.
This coincided with their recent strategy to dispose of some of the BTC holdings. Their address shows several sales in a row, including a massive one for 3,000 BTC on October 5th.
Previously, the whale had accumulated millions of dollars worth of the primary cryptocurrency from early September. In fact, their last sale evident in this address before October 5th was on September 2nd.
But now, they had four consecutive sales for 7,500 bitcoins in total in about a week. While it seemed that the whale had started to take profit after buying the dip in mid-September, they changed their tune once more and made a new purchase earlier today.
This time, the mysterious whale bought 494 BTC at $57,300. What’s more interesting about this is that it was the first time since August that they bought at a higher price shortly after selling some portions at a lower.
VentureFounder updated that the whale’s total stash now is 105,758 bitcoins (or more than $6 billion at today’s prices). Moreover, they sit on unrealized gains of $4.3 billion.

Third-Largest Bitcoin Whale Behavior. Source: Twitter

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin 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; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News