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A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit 

A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit  26

A Bitcoin whale has been holding Bitcoin for 9 years & 4 months and it seems he is not in the mood to sell his holding.

On 20 April 2023, Crypto whale transaction alert Crypto Twitter account reported that a bitcoin whale has held 6071.5 BTC since 19 Dec 2013.

In Dec 2013, the BTC price was $663/BTC. Recently he transferred 2071.5 BTC to a bech address (bc1q formatted Bitcoin address). At the current price, 2071.5 BTC is nearly equal to $60.7 million. 

A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit  23
source: bitinforcharts

So here we can say that this guy turned his $4 million investment into $176 million. 

Bitcoin Greed & Fear Index 

The current Bitcoin Greed & Fear index is 52, which means crypto investors are not fully confident & also not in much fear over their Bitcoin investment.

A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit  24

The current price of Bitcoin is $28,952 & this trade price is 1.7% down over the last 24 hours’ trade price. 

A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit  25

Around a week ago, Bitcoin price was trading at nearly $31k/BTC, and in the last 2 days BTC saw a significant downfall. This sudden downfall acted as a catalyst to degrade the confidence of Bitcoin investors.

US banking crisis

In Feb of this year, a few famous banks in the US reported bad financial positions and the whole news acted as a bullish sign for crypto Investors.

The majority of the crypto proponents said that the downfall of US banks hints that traditional financial systems are failing & further it will give more favours for crypto & blockchain technology. 

In the first quarter of this year, Bitcoin surged from $18k trade price to $28k. 

Read also: 3 lawsuits claim Silvergate Bank helped FTX to conduct fraud smoothly

A bitcoin whale wakes up after 9 years, after gaining 4200%+ profit 

 

https://bitcoinik.com/a-bitcoin-whale-wakes-up-after-9-years-after-gaining-4200-profit/feed/

https://bitcoinik.com/a-bitcoin-whale-wakes-up-after-9-years-after-gaining-4200-profit/feed/

 

 

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