Cryptocurrency trading involves timing, cryptocurrencies, and trading strategies, where patience is a vital factor determining success or failure. This strategy refers to holding cryptocurrencies for a specific period or waiting until price expectations are met. Using the same technique, a long-dormant crypto whale transformed a few BTC holdings into $180 million as Bitcoin 
$97,139 prices target new peaks.
Passive Crypto Whale Invests in Bitcoin Worth $180 Million
With bulls steering the crypto market, a new excitement surged among traders, leading to extreme greed as cryptocurrencies expanded with profits. As Bitcoin prices began to rise and Donald Trump became the new U.S. President, many passive crypto whales returned to the market. One such whale re-emerged after 14 years, increasing its Bitcoin holding to a current value of $180 million.
Whale Intensifying Bitcoin Holdings
The popular analysis platform Spot On Chain reported that a wallet from the Satoshi era, holding 2000 BTC, reappeared. This whale had mined Bitcoin during its early days and acquired 2000 BTC when its value was nearly nonexistent. The whale drew attention when it started depositing these cryptocurrencies into popular exchanges like Coinbase, BitFlyer, and Bitstamp.
Spot On Chain data indicates that the whale deposited its entire Bitcoin holding into three exchanges. The investments included 1,038.87 BTC ($92.93M) to Coinbase, 591.46 BTC ($52M) to BitFlyer, and 369.66 BTC ($33.04M) to Bitstamp.
Bitcoin has been in a strong bull market since November 6, 2024. During this period, the price of Bitcoin reached several new highs, providing significant gains for its holders. Just three days ago, BTC hit an all-time record of $93,434.36, signaling a new rally following a short consolidation phase.
With high demand and users’ greedy sentiments, many predict Bitcoin’s price will reach $100,000 by the end of November. Currently, Bitcoin trades at $91,246.67, reflecting a 3.4% increase in the last 24 hours. This ongoing rally encourages long-dormant crypto whales or long-term investors to capitalize on their BTC holdings.
These developments highlight the importance of patience and long-term investment strategies in the cryptocurrency market. The movements of whales influence market dynamics and price trends, offering various opportunities for investors.
