- A wealthy investor who bought bitcoins with From January 11 to March 2, 2025, at a rate of about $78,000, he began selling BTC.
- With Bitcoin’s current price hovering above $68,000, its losses have amounted to at least 12%.
- He probably doesn’t believe in a recovery to the purchase price.
A wealthy man, whose identity remains unknown and who had been systematically buying up bitcoins, began selling the coins at a loss.
From January 11 to March 2, 2025, the fat cat purchased on the stock exchange every day Binance about 10 BTC and sent them to his crypto wallet. He eventually managed to accumulate 513 bitcoins. worth $35,2 million at the current exchange rate.
Keith stubbornly held onto the coins for over a year, but on April 7 he capitulated and posted + Binance 302,4 BTC worth $20,8 million, apparently for subsequent sale. The trader bought the cryptocurrency at a price of at least $78,230, and now it’s worth $68,599. Therefore, by selling the digital assets, he suffered a loss of at least 12,3%. If the rich man had sold the bitcoins on October 6 at their peak, when their price was $126,272, he would have made a profit of 25% or even more. But he decided to wait and miscalculated.
Transfers made by a rich man
The whale has likely given up hope of a renewed bull run, as the BTC price has failed to consolidate above $70,000 and is hovering below its 800-hour exponential moving average, which is around $69,100. The wealthy individual now holds 200,5 BTC, worth $13,8 million, so it’s safe to assume he’ll dump those coins if a reversal doesn’t occur.
800-hour EMA on the Bitcoin chart
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making any investment decisions.