A clever investor has recently made impressive gains from trading Bitcoin (BTC) not once but twice in the past year, accumulating a total profit of over $30 million. In a recent move, the investor decided to deposit all 660 BTC, worth approximately $42.85 million, into Binance in order to further increase their profits.
This trader has certainly shown their financial acumen, successfully trading BTC on two occasions and making a profit each time, resulting in a total earnings of over $30 million. Just five hours ago, they made the decision to deposit all 660 BTC, equivalent to $42.85 million, into Binance with the aim of maximizing their profits.
Their first major trade involved purchasing 718 BTC at an average rate of $29,385 between August 9 and November 2, 2023. They then sold all of these BTC between December 15 and December 18, 2023 at an average price of $41,953, earning a profit of $9 million, which is an impressive 43% increase.
In their second significant trade, the trader purchased 1,181 BTC at an average cost of $48,822 between February 7 and May 13. They later sold these BTC between May 27 and June 20 at an average price of $66,792, earning a profit of $21.2 million, equivalent to a 37% increase.
These trades clearly showcase the trader’s strategic approach, patiently waiting for the right moment to invest and reaping substantial rewards. Their recent action of sending 660 BTC to Binance suggests that they are anticipating another profitable trade in the near future.
This news underscores the potential profitability of Bitcoin trading, provided one can accurately predict market movements and execute timely trades. The trader’s success story may inspire others to consider entering the Bitcoin trading arena, though it also serves as a reminder of the market’s inherent volatility.
Tags: BTC