According to ChainCatcher, according to Lookonchain monitoring, a swing trader deposited 205 BTC (about $12.4 million) into Binance after the price of Bitcoin (BTC) broke through $60,000. This operation made the trader a total profit of $2.36 million in the BTC market.
From the analysis of on-chain data, the trader's precise operation shows his keen insight into market trends. BTC's price breakthrough and the flow of large amounts of funds may have a certain impact on market sentiment and short-term price fluctuations. In the future, investors need to pay close attention to on-chain data and market dynamics in order to make more informed investment decisions.