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Did you see that crypto whale movement? Man, these guys really know how to make a profit. A whale moved a lot in the crypto market in recent days and made about $200,000 just with WBTC.
Basically, at the beginning of March, the whale sold XAUt at $5,315 and pocketed $600,000 in profit. Then it immediately bought 125.9 WBTC at $69,091 each. A well-thought-out strategy indeed, because a few days later, it managed to exit that crypto position at $70,736 per WBTC. Result: another $200,000 in the account.
The cool thing is that this whale’s net worth went from $8.1 million to $8.9 million in a short time. According to Ember, which tracks these on-chain transactions, that’s pretty much it. These whale movements in the crypto market always draw attention because they show how timing and quantity make a difference.