Smart Money Earns $30M by Buying Low, Selling High

This investor is recognized for purchasing the coins cheaply and then selling them when the prices are high, making good profits.

A Bitcoin investor, recognized for purchasing the coins cheaply and then selling them when the prices are high, has made good profits in the past year by trading Bitcoin twice and earning over $30 million.

According to data from Lookonchain, a blockchain analysis platform, a smart money purchased 213.78 BTC, valued at $14.48 million, a few hours ago. This follows a series of BTC acquisitions by the same investor over the past four days, totaling 677 BTC ($45.6 million).

The investor’s strategy involves purchasing a substantial quantity of BTC and holding it until the price rises significantly before selling it. This tactic has proven successful in generating substantial profits.

Over the past year, the investor has engaged in two major trades, both of which have yielded significant gains. From September 9 to December 18, 2023, the investor purchased 718 BTC at an average price of $29,385 and sold them at $41,953, netting a profit of $9 million.

In a separate transaction, the investor bought 1,181 BTC at $48,822 between February 7 and June 20, 2024, and sold them at $66,792, generating a profit of $21.2 million.

The investor’s recent BTC purchases and the overall market activity have attracted the attention of market analysts, who anticipate that the investor may sell the acquired BTC at a higher price once again.

This type of market activity, where investors are observed to be accumulating BTC, particularly at lower prices, can provide insight into the broader market sentiment and the potential upcoming trends.

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