On October 30, COINOTAG reported a significant development in the cryptocurrency market, highlighting that a prominent whale divested 135 WBTC, equivalent to $9.86 million, following Bitcoin’s surge past the $73,000 threshold. This strategic sell-off reflects the whale’s adept market positioning, culminating in a total gain of approximately $5.5 million over the past three months through leveraged positions in both BTC and ETH via Aave. Initially, the whale acquired 285.4 WBTC at a price of $58,688, thereby realizing an impressive profit of $4 million. Furthermore, the acquisition of 4,850 ETH at $2,329 contributed an additional $1.5 million in earnings. This transaction underscores the ongoing volatility and potential profitability within the crypto landscape, drawing attention to the sophisticated trading techniques employed by major players in the market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024