Jackpot

2024

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/bitcoin-might-be-gearing-for-epic-bull-run-after-70000-hit-analyst-gives-reasons" rel="noopener noreferrer nofollow">Bitcoin</a>, the pioneer cryptocurrency, continues to gain attention with its relentless surge in value, captivating investors worldwide. In a recent turn of events, the cryptocurrency market witnessed an extraordinary feat as a massive Bitcoin whale, who owned a staggering 8,500 BTC, hit millions of dollars in jackpot as Bitcoin's price rose.
<a href="https://twitter.com/lookonchain/status/1767823345679216698" rel="noopener noreferrer nofollow">Lookonchain</a>, an on-chain analytics platform, reports on a whale who struck a massive $217 million jackpot on Bitcoin as prices surged.
<blockquote>
 The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> price just topped $73,000!Sharing a smart whale who made ~$217M on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>, and currently holds 4.3K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($313M)!He deposited 100 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ($7.22M) into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> 3 hours ago to take profits.He started accumulating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> on Aug 24, 2023 and withdrew 8.5K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($279M)… <a href="https://t.co/8MG3thpg35" rel="noopener noreferrer nofollow">pic.twitter.com/8MG3thpg35</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1767823345679216698?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 13, 2024</a>
</blockquote>
The whale began accumulating <a href="https://u.today/306676-btc-support-might-halt-bitcoins-decline-to-60000-heres-how" rel="noopener noreferrer nofollow">BTC</a> on Aug. 24, 2023 and withdrew 8,500 BTC worth $279 million from Binance at an average price of $32,854. Withdrawals from cryptocurrency exchanges show an intention to buy, but deposits to cryptocurrency exchanges may signal an intent to sell.
According to the information provided, the whale owned 8,500 BTC as of Aug. 24, 2023. As Bitcoin's price increased, the whale deposited or sold 4,300 BTC worth $183 million into Binance at an average price of $43,534. A few hours ago, the whale deposited or sold 100 BTC worth $7.22 million into Binance again to take profits.
The whale currently owns 4,300 BTC, which is worth $313 million at current rates, and has a total profit of $217 million.
With a massive stash of 4,300 BTC left, questions remain about the whale's next move. Will they cash out and take their winnings, or will they continue to hold on in anticipation of even higher valuations? Only time will tell.
<h2 id="bitcoin-hits-new-all-time-highs-above-73-000">Bitcoin hits new all-time highs above $73,000</h2>
Bitcoin has reached a new all-time high (ATH) of $73,709 (on Coinbase) against the U.S. dollar, ushering in <a href="https://u.today/bitcoin-btc-hits-81000-in-energy-value-what-it-means" rel="noopener noreferrer nofollow">price discovery</a> and bringing investor sentiment closer to euphoria.
Numerous data points to a striking resemblance to previous ATH breakouts, with a wealth transfer from old HODLers to new investors and speculators already occurring.
At press time, Bitcoin was changing hands at $73,254, up 1.74% over the past 24 hours. Bitcoin regained the $73,000 level after the bulls' first attempt at this level was foiled by the bears.
Bitcoin slipped nearly 6% shortly after reaching highs of $73,027 in Tuesday's trading session before the bulls regained control.&nbsp;

Massive Bitcoin Whale With 8,500 BTC Hits Jackpot as Price Hits $73,000

Table of Contents

U_Today

Other articles published on Mar 13, 2024

THORChain Price: Why is RUNE Price Rallying?

Bitcoin’s Course Correction Expected Ahead of Looming Halving in 5 Weeks

New EU Rules Tighten Crypto Grip and Strengthen Sanctions

Revolutionizing Online Customer Support: The STech AI Solution

MADNGINE joins 40 WONDERS

Ethereum Dencun Upgrade Goes Live: What to Expect

Join our free newsletter for daily crypto updates!