Savvy Investor Buys Bitcoin Again, Reaps $30M Profits from $BTC Trades

A smart money recently purchased 213.78 BTC worth $14.48 million just a few hours ago. According to Lookonchain, this same Bitcoin investor has acquired 677 BTC, totalling $45.6 million, over the past four days.

The smart money bought 213.78 $BTC($14.48M) again 9 hours ago!

He has bought 677 $BTC($45.6M) in the past 4 days.https://t.co/dOPKLO9Irg pic.twitter.com/tZXJ6H6bBn

— Lookonchain (@lookonchain) July 21, 2024

Smart Money Earns $30M by Buying Low, Selling High

This investor is recognized for purchasing the coins cheaply and then selling them when the prices are high, making good profits. In the past year, he has traded Bitcoin twice and won over $30 million.

From September 9 to December 18, 2023, he was able to buy 718 BTCs at an average of $29,385 and sell them at $41,953, consequently earning a profit of $9 million.

He then bought 1,181 BTC at $48,822 from February 7 to June 20, 2024, and sold it at $66,792 to make $21.2 million in profit.

Experienced Trader’s Bitcoin Moves Spark Market Interest

This recent activity demonstrates that investors remain bullish on Bitcoin and are able to accumulate even more of it due to lower prices. Market analysts are closely monitoring him, as they believe that he might do the same and sell at improved prices.

This is the kind of trading that can be observed in the Bitcoin market depending on the price. It can create a good image of what experienced traders such as this person are doing on the market. Traders and investors will be watching his every move.