Bitcoin

<ul><li>Crypto whale makes a $395 million buy of BTC, their first in 1.5 years, amidst a market dip.</li><li>The investor previously accumulated 41,000 BTC at $19K each, selling 37,000 BTC at $46.8K.</li><li>Analyst identifies $67,400 as potential pivot point for Bitcoin&#39;s monthly open.</li></ul>A savvy <a href="https://cryptotale.org/bitcoin-btc-poised-for-potential-breakout-amid-bullish-rsi-divergence/" rel="noopener noreferrer nofollow">Bitcoin</a> whale with a trading track record has purchased Bitcoin again, <a href="https://x.com/lookonchain/status/1803638442661913044" rel="noopener noreferrer nofollow">according</a> to on-chain data tracker Lookonchain. The investor purchased 6,070 BTC worth around $395 million amid the market downturn, marking their first Bitcoin acquisition in 1.5 years.Furthermore, Lookonchain observed that during the 2022 bear market, the whale amassed around 41,000 BTC with an average pricing basis of $19,000 per Bitcoin. With great timing, they then sold 37,000 BTC at an average sale price of $46,800 during the 2023-2024 bull run, pocketing more than $1 billion.This shrewd investor has consistently demonstrated an ability to accumulate Bitcoin at market bottoms and distribute at tops, capitalizing on the crypto&#39;s volatility through strategic entries and exits.<a href="https://cryptotale.org/bitcoin-whales-395m-buy-signals-market-confidence/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Whale's $395M Buy Signals Market Confidence

CryptoTale

Other articles published on Jun 20, 2024

This Solana-based meme coin raises over $300,000 within the first 48 hours of its presale

Viral Vibe (VIV) (Airdrop Launched) - Claim this Airdrop Now!

Blast L2 Airdrop Countdown Begins: Here’s Everything

Dogwifhat Set for Major Bull Run: Analyst Predicts 23-28X Gains

IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By

Investors Monitor Lista’s Listing on Binance

Join our free newsletter for daily crypto updates!