Seizing the declines, a whale who made a large amount of Bitcoin purchases made millions of dollars in a short time.
According to the data provided by the on-chain analysis platform Lookonchain, the wallet address “1L7gnf,” which saw the declines as a buying opportunity, gained millions of dollars in profit within a few days.
The said whale made 4,451 BTC purchases worth $294 million at a cost of $66,195 since March 14. With the rise in the Bitcoin price in the last 24 hours, the whale’s profit reached $3.35 million.
Finally, on March 20, the whale made 325 Bitcoin purchases through the crypto exchange Binance. These large purchases made during the declines revealed a strong belief that the upward momentum would continue and these would be left behind as corrections.
