Crypto
Bitcoin Whale Sees $6M Profit After 40% Drawdown Amid Bull Run Memories
A significant Bitcoin (BTC) whale has made a notable transaction, depositing 158.7 BTC worth $10.01 million into Coinbase.
The funds were withdrawn from Kraken on March 11, 2023, at approximately $20k cost basis.
This whale holder had the opportunity to sell during the bull run but chose not to, resulting in unrealized gains exceeding $15.31 million.
However, after a 40% drawdown from highs, their current profit stands at just $6.206 million.