The Bitcoin whale transferred 1,000 BTC to Binance after 4 months of inactivity, resulting in nearly 69 million USD in profits.
This transaction was tracked by Onchain Lens and first reported on July 12, showing significant volatility in the Bitcoin whale's assets on Binance with a current value exceeding 129 million USD.
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The Bitcoin whale sent 1,000 BTC equivalent to about 117.67 million USD to Binance.
Currently, this whale still holds over 1,100 BTC worth more than 129 million USD in their wallet.
What transactions did Bitcoin whales make on Binance in July 2024?
According to data from Onchain Lens, a Bitcoin whale transferred 1,000 BTC equivalent to 117.67 million USD to Binance after 4 months of inactivity. This is a sign of significant movement in the amount of BTC held on this exchange.
The trade recorded on July 12, 2024, demonstrates that the whale is taking advantage of opportunities leading to profits of up to 68.8 million USD from the initial investment.
"This trade demonstrates the sharpness and high-level asset management skills of Bitcoin whales in optimizing profits during market volatility."
Nguyen Van Nam – Cryptocurrency analysis expert, 7/2024
What are the details about the amount of BTC and the transaction value?
Initially, the whale withdrew 2,100 BTC from Binance, with a total value of approximately 178.21 million USD, and then sent back 1,000 BTC to this exchange. Currently, the whale's wallet still holds the remaining 1,100 BTC worth 129.33 million USD at the time of reporting.
This move shows a balance between long-term holding and trading to maximize profits in the context of a volatile cryptocurrency market.
Why is tracking whale transactions on Binance important?
Tracking the movements of Bitcoin whales provides valuable information about market trends and investment behavior of large asset holders. Large transactions can significantly affect BTC prices and create short-term volatility in the global market.
Many financial reports and market experts suggest that analyzing whale behavior helps predict market direction and make smart investment decisions.
"Understanding whale movements is key to leveraging expectations of price volatility and adjusting investment strategies effectively."
Tran Minh Duc – CEO of Blockchain analysis company, 2024
How was the 68.8 million USD profit of Bitcoin whales generated?
The whale has earned a profit of up to 68.8 million USD from trading over a period of 4 months, based on the price volatility of BTC in the market. This profit reflects the whale's ability to optimize trading strategies and professional risk management.
This also shows that maintaining trading positions and choosing the right timing is crucial to achieving breakthrough profits in the volatile cryptocurrency market.
How much BTC does the Bitcoin whale currently hold and what is its actual value?
At the time of reporting, this whale still holds 1,100 BTC, worth approximately 129.33 million USD. This remaining amount of BTC serves as a reserve asset or may be used for further trading depending on market conditions.
The current value reflects the recovery or price adjustment in the market in recent months, while also contributing to the whale's asset diversification strategy.
Comparison table of Bitcoin whale transactions on Binance
Parameters Quantity BTC Value USD Withdraw from Binance 2,100 BTC 178.21 million USD Transfer to Binance 1,000 BTC 117.67 million USD Hold in wallet 1,100 BTC 129.33 million USD Profit earned – 68.8 million USD
Frequently asked questions
Who are Bitcoin whales and why are their actions important?
Bitcoin whales are those who own a large amount of BTC, often having a significant impact on the market due to their large trading volumes and ability to create price volatility.
How to track whale trading activities?
Using On-chain tracking tools along with wallet monitoring platforms helps identify large transactions from whales on public blockchains like Bitcoin.
Why are profits from whale trading so high?
Thanks to smart trading strategies and the ability to seize good timing in volatile markets, whales often achieve superior profits.
What does holding a large amount of BTC in a wallet mean for the market?
Holding a large amount of BTC reflects long-term confidence in the asset and creates a stable price foundation, but it also carries risks when prices fluctuate significantly.
Does whale trading information affect regular investors?
Yes, individual investors rely on whale movements to predict trends and adjust investment strategies to minimize risks and maximize profits.
Source: https://tintucbitcoin.com/ca-voi-bitcoin-nap-1-000-btc-lai-lon/
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