Kit closed his long positions with a profit of $11.6 million.

His two wallets appeared very frequently in the screeners—he had been holding the position since early July, with 300 BTC in each wallet.

Many were surprised that he hadn’t locked in his profits yet (especially since everyone was expecting an August sell-off).

But today, at $80k, he finally closed out the entire position, netting $11.6 million.

Why now, rather than holding on for the bull run, considering that the leverage was low?
#kit #btc
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