CandleFocus Crypto Investor Pockets $6.85M in $BTC Rally Using Tactical Trading
2024-11-21
Author: Content Editor
Summary:
A sharp Bitcoin trader managed to capitalize on Bitcoin's recent price rally and made $6.85 million in gains, according to on-chain crypto analytics platform Lookonchain. The trader sold 619 Wrapped Bitcoin for $46.44 million at an average price of $75,029, making a profit of $8.85 million. However, as Bitcoin's price quickly broke through $80,000, the trader bought back 562 Wrapped Bitcoin for $45.46 million at an average price of $80,895. The trader then sold these coins for $52.3 million at an average price of $93,050, resulting in additional gains of $6.85 million. The trader's success highlights the importance of timing and agility in cryptocurrency trading.
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