A Whale Sold 100 BTC Near Break-Even, Profiting $206,000
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September 7, 2024
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Whale Sells 100 BTC for $5.35 Million as Price Nears Break-Even Point
According to Lookonchain, a large whale sold 100 BTC (around $5.35 million) as the price of Bitcoin neared its break-even point. The whale made a profit of $206,000 from the sale.
IntoTheBlock data reveals that a total of 836,000 addresses purchased approximately 402,800 BTC (around $21 billion) at prices ranging from $51,113 to $54,303. These addresses may also choose to sell their holdings at or near their break-even point.
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