Although Bitcoin has not moved far from its peak of $73,000 in March, the declines and the ever-increasing meltdown of altcoins are causing investors to worry, “Where is the market going?” One whale, known for buying at low levels and selling at peaks, is seen to have bought close to $ 400 million in recent declines.

Nearly $1 billion in profit

This person, who bought 41 thousand BTC worth 794 million dollars at the price of 794 million dollars in 2022 when the bear season was the harshest in 2022, sold at a price of 46,800 dollars during the upward periods of 2023 and 24. Buying at $19,000, this person made a profit of close to $1 billion.

First purchase after 1.5 years

This successful trader’s purchase of 6070 BTC worth $395 million was also recorded as his first purchase in 1.5 years. Therefore, it is clearly seen that this whale expects an increase in the next period.

The chart below clearly shows the points where the whale’s purchases and sales were made. Bitcoin is trading around $65,700 at the time of writing.