Massive ‘Smart Whale’ With Profitable Track Record Withdraws $76,900,000 Worth of Bitcoin (BTC) From Binance

A crypto whale with a recent track record of raking in big profits from Bitcoin just accumulated tens of millions of dollars worth of BTC, according to on-chain data.

Crypto tracker Lookonchain says between August 24th and September 2nd, the unknown whale accumulated 6,000 BTC worth $158.66 million at an average price of $26,444 per Bitcoin.

The whale subsequently deposited 3,000 BTC worth $105.7 million to Binance at a price of $35,241 per Bitcoin, making a total profit of $26.4 million.

Lookonchain notes that the same whale accumulated 1,750 BTC worth $76.9 million from Binance from January 6th to 8th at an average price of $43,953 per Bitcoin.

The whale also accumulated an additional 250 BTC on Monday at an average price of $46,970 per Bitcoin. It currently holds a total of 5,000 BTC worth more than $233.5 million, according to BitInfoCharts.

BTC is trading at $46,957 at time of writing. The top-ranked crypto asset by market cap is up over 7% in the past 24 hours.

Prior to Monday’s gains, Bitcoin’s price dropped by more than $1,000 over a seven-hour period on Sunday. Lookonchain notes that the Bitcoin mining pool F2Pool deposited 1,000 BTC worth $43.96 million to Binance during that period.

The mining pool also deposited 1,000 BTC worth $43.76 million to Binance on Friday, according to the crypto tracker.

 

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