CandleFocus 'Diamond Hands' Bitcoin Investor Sells BTC After 5 Years of HODLing
2024-10-18
Author: Content Editor
A long-term Bitcoin investor, known as a "diamond hands" holder, has recently sold a significant portion of their BTC holdings. The investor initially withdrew 801 BTC, worth $8.25 million, five years ago, and in the past month, has sold 500 BTC for $32.13 million. After these transactions, the investor now holds 301 BTC, valued at $20.42 million, resulting in a total profit of $44.28 million. The price of Bitcoin is currently hovering around $68,000, and if it continues to hold at this level and reaches $70,200, it could signal the beginning of a new wave of growth. The investor's decision to sell some BTC is seen as rational given the current uncertainty in the market, while still maintaining a bullish bias.
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