Bitcoin officially broke through the $30,000 mark on Tuesday (11th)! Perhaps thinking that BTC has reached a recent high, data on the chain found that a giant bitcoin whale transferred 27,000 bitcoins to the Bitfinex wallet in batches in the past month, making a profit of 390 million US dollars.
Bought a lot of Bitcoin within half a year
According to BitInfo data , the Bitcoin whale address first purchased a large number of Bitcoins within half a year, and the unrealized loss once reached as high as 150 million US dollars, holding 46,542 Bitcoins. The transaction details are as follows:
- First active on June 15 last year, the first transaction was to buy 32,542 bitcoins at an average price of $21,200.
- Last year, 8,000 bitcoins were purchased on November 17 at an average price of $16,550.
- In January this year, another 6,000 bitcoins were purchased at an average price of $18,734.
- Then as of March 18, no bitcoin was sold.
Suspected dumping of 36,500 bitcoins in the past month
With the price of Bitcoin soaring since the beginning of the year, the giant whale began to transfer Bitcoin to the Bitfinex wallet on March 18, with a total of 16,000 Bitcoins in the first batch. Then two days later, on March 20, another 9,500 coins were transferred to the hot wallet. If they were indeed sold, the two transactions are expected to make a profit of 348 million US dollars.
After the price of Bitcoin broke through the 30,000 mark on April 11, at 7:00 p.m. yesterday, when the Bitcoin block height was 785,065, the giant whale transferred another 11,000 Bitcoins to the Bitfinex wallet, and sold them for an arbitrage profit of 330 million US dollars. (Currently the giant whale still has 10,000 bitcoins left)
However, since the data after it is transferred to the exchange cannot be tracked, perhaps the giant whale has not been sold yet, but chooses the currency standard contract to hedge the risk.
