The post Smart Bitcoin Whale Makes Over $90 Million Profit in Nine Months appeared first on Coinpedia Fintech News
A savvy Bitcoin whale has shown once again that big profits come to those who wait and plan well. Meanwhile, on-chain analytical platform Lookonchain shared that this whale made a profit of over $91 million with an ROI of 109%. What’s interesting is that this investor still holds over 1,100 BTC.
Let’s dive in detail!
Bitcoin Whale Made $91.5M In Profit
According to the data, this whale sent 400 BTC (worth $47.1 million) to Binance earlier today to take profits. What’s fascinating is how consistent this investor has been over the past year.
The whale began accumulating Bitcoin in June 2023 and November 2024, buying a total of 1,500 BTC at an average price of $56,282 per coin. This investment totaled approximately $84.4 million.
Fast forward to now, Bitcoin’s price is almost double. The whale made two separate deposits, each of 200 BTC, just seven and two hours ago. However, this calculated strategy is paying off with over $91.5 million in total profits, marking an impressive 109% return on investment.
Whale Still Holds Over $129M in Bitcoin
Even after the recent sell-off, this wallet is far from empty. The whale still holds 1,100 BTC, valued at roughly $129 million, showing confidence in Bitcoin’s longer-term outlook despite taking some profits.
Moves like these are often seen as a way for large investors to balance risk and secure gains while leaving enough in the game to benefit from future price surges.
Bitcoin’s Price Outlook
As of now, Bitcoin price is trading around $118,750, reflecting a slight rise in the past 24 hours. However, the crypto market’s total capitalization has climbed to $2.35 trillion, supported by institutional inflows and strong demand from ETFs and spot buyers.
Such whale activity highlights the current phase of profit-taking, as the market remains bullish. Analysts believe these moves can act as short-term price pressure, but overall sentiment remains strong.
With Bitcoin holding above the $115,000 support level, many expect further upside in the coming weeks.