Bitcoin Surpasses $120,000 Amidst Whale Activity

According to BlockBeats, on-chain analyst Ai Yi (@ai_9684xtpa) reports that Bitcoin (BTC) has surged past the $120,000 mark, driven in part by notable whale activity.

A prominent whale investor, known as "Set 10 Big Goals First", opened a long position on August 3 at a price of $112,891.30 for 267.322 BTC—their first public trade since July. Without taking profit or reducing exposure, the whale’s position has now generated an unrealized profit of $2.08 million.

If this trade ends with a profitable exit, it will mark the third consecutive winning trade for the investor.

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