According to Golden Finance, amid the volatility of the cryptocurrency market, the operations of investment giants have drawn much attention. According to Hypurrscan data, a whale who established a 20-fold BTC long position yesterday has now reaped substantial profits, amounting to nearly 5.02 million US dollars, specifically 5,019,339 US dollars. As of now, the position value of this giant whale is as high as 219 million US dollars.
Market analysts have analyzed that the recent price trend of Bitcoin has been strong, successively breaking through key resistance levels, bringing considerable returns to investors holding long positions. This time, the huge whale’s profit may be related to the positive signals released at the macroeconomic level. The adjustment of monetary policies in some countries has increased market liquidity, prompting funds to flow into the cryptocurrency field.
Meanwhile, institutional investors’ interest in crypto assets is growing, and frequent news of increasing their holdings has also driven up the overall market sentiment, pushing up the price of Bitcoin and thereby increasing the long position profits of the whales.
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