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Crypto

Whale Books $11.6M Profit on Bitcoin Longs as BTC Nears $80K

Guavy AI Editorial Team
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BTC
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A large Bitcoin trader appears to have cashed out $11.6 million in profits as BTC climbs toward $80,000.

Blockchain analytics platform Lookonchain reported that two wallets, '0x5FA9' and '0x2371', may belong to the same whale and exited their long positions after holding them for nearly two months.

The exits came during a sharp Bitcoin rally, with the cryptocurrency gaining 23.2% over the past week and approaching $80,000.

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