A crypto whale who realized over $9 million in profits from trading digital assets has made another notable move by acquiring Bitcoin worth nearly $24.7 million just ahead of its recent price surge.
A trader utilized Lookonchain data to execute long position closures on 22 different crypto tokens which included Bitcoin, Ethereum, Solana, Litecoin, XRP and Chainlink. The whale generated profits through strategic timing which persisted during minor sharp market adjustments in prices.
Following the successful exits, the whale bought 309 BTC at an average price of $79,792 per coin, totaling approximately $24.68 million.
The current value of Bitcoin at $96,001.19 gives this whale over $5 million in unrealized profits from the recent transaction. The whale continues to build up their Bitcoin holdings reflecting ongoing optimism regarding Bitcoin’s long-term market worth.
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Whale Profits Amid Broad Market Weakness
Bitcoin fell by 0.88 percent in the last 24 hours but remained up 1.92 percent for the week, with a market capitalization of $1.9 trillion. Ethereum showed a slight 0.19 percent daily gain, trading at $1,829.03 and holding a market cap of $220.82 billion.
XRP dipped by 0.02 percent on the day, currently priced at $2.18. It has a market value of $128.09 billion with a circulating supply of 58.5 billion tokens.
Litecoin experienced a 0.60 percent drop over the last 24 hours, trading at $85.87. Its total market capitalization now stands at $6.51 billion.
Chainlink posted the steepest decline among the tracked altcoins. It is trading at $14.06, reflecting a 1.74 percent drop over the past day. LINK now holds a market capitalization of $9.24 billion.
Aggressive Accumulation Reflects Investor Confidence
Despite minor pullbacks across top assets, the whale’s strategic reinvestment into Bitcoin suggests strong confidence in the asset’s long-term trajectory. The recent BTC acquisition ahead of a price jump has captured market attention.
These unpredictable altcoin market movements demonstrated by an investor provide essential clues about crypto market shifts in institutional sentiment and momentum.
A $9 million profit from multiple assets enabled this investor to buy $24 million worth of Bitcoin which demonstrates strategic determination. Bitcoin’s rising value strengthens the investor’s whale position which leads the market to watch for more accumulation behavior.
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