🚨This whale made and lost profits of $30 million
About two years ago, the whale withdrew $461.5M in Bitcoin from Coinbase
Since then, its unrealized profit reached +$315 million at the peak
Then the scene completely reversed, and on paper it lost about $100M at the July low
And the strangest part is: it didn’t sell
In the month prior, it sent about $82M to Kraken, but it still holds about $418M in BTC
And currently, it’s back in profit of about $40 million
So literally: +$315M ← -$100M ← and now +$40M
Three completely different psychological states, and the whale is still sitting on the position
Is this huge confidence in Bitcoin?
Or is the whale simply waiting for a much higher price?
$BTC
About two years ago, the whale withdrew $461.5M in Bitcoin from Coinbase
Since then, its unrealized profit reached +$315 million at the peak
Then the scene completely reversed, and on paper it lost about $100M at the July low
And the strangest part is: it didn’t sell
In the month prior, it sent about $82M to Kraken, but it still holds about $418M in BTC
And currently, it’s back in profit of about $40 million
So literally: +$315M ← -$100M ← and now +$40M
Three completely different psychological states, and the whale is still sitting on the position
Is this huge confidence in Bitcoin?
Or is the whale simply waiting for a much higher price?
$BTC
