The Fed’s expected interest rate cuts are being voiced more and more every day, allowing Bitcoin to rise above $65,000 yesterday and $66,000 today, while the large purchase made by a whale did not go unnoticed.

Earned $30 million

According to the information provided by on-chain tracking platform Lookonchain, a whale bought 245 BTC worth approximately $16 million in the morning hours. This whale, famous for buying low and selling high, made a profit of $30 million last year with a small number of buy-sell transactions.

From August 9 to December 18, this account, which bought 718 BTC with an average of $ 29,385, sold at $41,900 and made a profit of $9 million.

Then, just before the rises, the account, which started purchases again on February 7, bought 1181 BTC with an average of $48,822 until June 20. Selling at $66,792, this whale made a profit of $21 million.

As it will be remembered, the decline in Bitcoin to the $53,000 level seen in early July also started on June 20.