According to recent analysis from Onchain Lens, a notable “Diamond Hands” whale has been strategically accumulating Bitcoin (BTC) for the past seven years, amassing substantial profits currently estimated at $43.4 million. Initially purchasing 759 BTC before 2017 for $6.66 million, this investor’s average acquisition cost was around $8,777 per BTC. During the bullish surge in 2021, this whale liquidated 160 BTC for approximately $6.47 million. Recently, a shift in strategy has been noticed as the whale commenced depositing BTC into Binance, totaling 170 BTC valued at about $11.87 million, with an average deposit price of $69,823. Currently, the whale retains 429 BTC, valued at roughly $31.75 million, highlighting a robust financial performance in the volatile cryptocurrency landscape.
