Patience brings everything to those who wait. You just need to know how to wait. This is likely one of the most important rules to follow in the cryptocurrency market. You might say, “We’ve waited long enough,” but this is the crypto world. It’s hard to predict what will happen, when, and how. Even whales accumulate and wait. Today, I’ll talk about a smart whale. Its strategic move is truly impressive, and the profit it made is astonishing.
Smart Whale’s Massive Bitcoin Profit
You might think, “They are whales, but we can’t do that,” but what I want to emphasize here is the whale’s patience. A smart whale that knows how to wait. This whale’s move was reported to us by Lookonchain.
What did this smart whale do? During the last market drop, it bought 6,070 BTC worth 395 million dollars. What makes the whale’s move significant is not just this action. The whale made excellent use of the 2022 bear market. It bought 41,000 BTC at a cost of just 19,000 dollars each. The total cost of these BTCs was equivalent to 794 million dollars.
Whale’s Selling Figures
Since the whale bought Bitcoin at a good price, it later sold 37,000 BTC at an average price of 46,800 dollars during the 2023 and 2024 rises. The whale earned 1 billion 740 million dollars from this sale, with a profit exceeding 1 billion dollars.
The whale’s previous moves are important as they show how smart it is. Most of the whale’s sales occurred when prices were at their highest. Now, let’s talk about its recent purchase. This purchase is its first BTC buy in 1.5 years. You can also track these purchases and previous sales on the blockchain. The whale’s address is: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.
Finally, let’s look at the price of Bitcoin, the leader of cryptocurrencies. We experienced drops that made us unhappy during the holidays. BTC dipped to 64,040 dollars. This meant a crushing blow for altcoins. Bitcoin, the flagship of cryptocurrencies, was at 65,655 dollars at the time of writing. The whale knew how to wait and be patient. Let’s be patient and see what happens.
