The wallet address that held BNB for 9 months just transferred 4,759 BNB to the exchange, with the potential to realize a 20% profit.
This wallet purchased BNB at an average price of 630 USD since November 2023, currently transferring the entire amount to Binance, equivalent to 3.59 million USD. Although it netted nearly 600,000 USD in profits, it still missed the opportunity to sell at the peak price of 861.1 USD.
MAIN CONTENT
The wallet address holding BNB for 9 months has transferred all 4,759 BNB to Binance.
The average purchase price is 630 USD in November 2023, generating a profit of approximately 20%.
Compared to the peak BNB price of 861.1 USD, the potential profit opportunity of about 508,000 USD was missed.
How long has this wallet address held BNB, and how has the transaction occurred?
According to the on-chain analysis by expert @ai_9684xtpa, the wallet address has held approximately 4,759 BNB for 9 months before transferring the entire amount to Binance exchange.
The transfer of the entire amount of coins occurred in early August 2024, likely for the purpose of taking profits after a long accumulation period. This amount of BNB was purchased at an average price of 630 USD since November 2023.
This action shows the long-term investor's trading strategy to profit when prices show signs of stability or growth.
What are the actual profits and missed potential opportunities from this BNB transaction?
Transferring 4,759 BNB to the exchange at a price of approximately 753 USD per coin, the investor netted about 3.59 million USD, with an estimated profit of about 591,000 USD, corresponding to 20% of the purchase price.
However, compared to the peak BNB price of 861.1 USD, if sold at the peak time, the potential profit could increase by 508,000 USD.
This reflects the challenge of accurately determining the optimal profit-taking time in a volatile cryptocurrency market.
"Holding coins long-term provides stable profits but always carries the risk of missing the optimal selling point due to market volatility."
On-chain analysis expert @ai_9684xtpa, 2024
Is selling BNB at the current price worthwhile compared to the market peak price?
Selling BNB at an average price of approximately 753 USD yields a good return compared to the purchase price of 630 USD. This is a 20% profit over 9 months, aligning with a medium-term investment strategy.
However, BNB has previously reached a peak of 861.1 USD, creating a profit gap of 25% compared to the current selling price. Investors must weigh the balance between preserving profits and the risk of market volatility when deciding to withdraw capital.
This reflects the risk management and profit optimization strategies commonly encountered in cryptocurrency investment.
How can investors better take advantage of BNB's price fluctuations?
The strategy of diversifying trading timing, combined with technical and fundamental analysis, can help investors increase their chances of taking profits at optimal prices.
According to analysts, closely monitoring market indicators and news related to BNB will support predictions of upward and downward trends, minimizing missed profit opportunities.
Applying on-chain tools also facilitates the evaluation of large cash flows and the actions of BNB whales, leading to more accurate trading decisions.
How do the steps of transferring 4,759 BNB to Binance impact the market?
Large trades from whales often impact liquidity and BNB's price in the short term. This transfer may create slight selling pressure, affecting the price increase.
However, the specific impact level depends on the supply and demand state at that time and the transaction size compared to the total volume in the market.
Traders and analysts closely monitor whale behavior to predict price volatility and market reactions.
Frequently Asked Questions
Does holding BNB for 9 months help increase profits?
Yes, holding long-term helps increase investment value, providing stable profits, as in the case of BNB rising 20% after 9 months.
How do BNB whales typically affect market prices?
Large-scale whale transactions often have a strong impact on liquidity and price volatility in the short term.
When should BNB be sold to optimize profit?
It is advisable to combine technical analysis, fundamentals, and market monitoring to choose the most effective profit-taking timing.
Why did the investor miss the opportunity to sell at the highest price?
The cryptocurrency market is unpredictably volatile, making it challenging to accurately predict the optimal selling point.
What does on-chain analysis help with in BNB investment?
On-chain analysis provides data on trading activities and whales, helping to make more accurate investment decisions.
Source: https://tintucbitcoin.com/whale-nap-4-759-bnb-loi-591k-usd/
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