{"id":18757,"date":"2024-11-20T13:43:51","date_gmt":"2024-11-20T11:43:51","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-nets-6-85-million-from-bitcoin-rally\/"},"modified":"2024-11-20T13:43:51","modified_gmt":"2024-11-20T11:43:51","slug":"trader-nets-6-85-million-from-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-nets-6-85-million-from-bitcoin-rally\/","title":{"rendered":"Trader Nets $6.85 Million from Bitcoin Rally"},"content":{"rendered":"<p>The new all-time high for Bitcoin on November 19 yielded a $6.85 million profit for a user, as noted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This guy chased the rally to buy <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> and made another profit of $6.85M!<\/p>\n<p>From Nov 6 to 8, he sold 619 <a href=\"https:\/\/twitter.com\/search?q=%24WBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WBTC<\/a>($46.44M) at $75,029 and made $8.85M!<\/p>\n<p>But he sold it too early, and <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> quickly broke through $80,000.<\/p>\n<p>So he bought 562 <a href=\"https:\/\/twitter.com\/search?q=%24WBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WBTC<\/a>($45.46M) back at $80,895 and sold 562\u2026 <a href=\"https:\/\/t.co\/mgv4e0OunM\">pic.twitter.com\/mgv4e0OunM<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1859068907807797416?ref_src=twsrc%5Etfw\">November 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>From November 6 to 8, the trader <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/0xCd1744c7be968dc8bF602846a2d886db2e1cf5e5\">sold<\/a> 619 WBTC ($46.44 million) at $75,029, earning $8.85 million. However, shortly thereafter, Bitcoin prices surpassed the $80,000 mark. <\/p>\n<p>The user then repurchased 562 WBTC ($45.46 million) at $80,895 and sold them on November 19, when the price of the leading cryptocurrency reached $93,050, for $52.3 million. This resulted in a $6.85 million profit.<\/p>\n<p>At the time of writing, digital gold is trading at $93,467, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.<\/p>\n<p>Earlier, analysts at Glassnode stated that Bitcoin has yet to reach levels where hodlers are taking profits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new all-time high for Bitcoin on November 19 yielded a $6.85 million profit for a user, as noted by analysts at Lookonchain. This guy chased the rally to buy $BTC and made another profit of $6.85M! From Nov 6 to 8, he sold 619 $WBTC($46.44M) at $75,029 and made $8.85M! But he sold it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227],"class_list":["post-18757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18757"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18756"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}