Bitcoin Whale Cashes Out $244M in Profits by Selling BTC Near $30K Resistance After Accumulating Below $20K
-
A bitcoin whale moved $244M worth of BTC to the Bitfinex exchange, likely to take profits.
-
The whale appears to have a good sense of market timing, buying around $20k and selling around $30k.
-
Whale wallet accumulated 46,500 BTC from Nov 2022 to Jan 2023 below $20k.
-
In March & April whale sold 36,500 BTC around $30k, then bought 2,000 more BTC around $26k in May.
-
The $35k price level has been a key resistance, with breakout attempts pushed back down by selling pressure.