A savvy trader has recently made a fortune through his skillful Bitcoin (BTC) trading. In the past year alone, he has successfully traded Bitcoin twice, accumulating total earnings of over $30 million. To further capitalize on his success, he recently deposited all 660 BTC, equivalent to approximately $42.85 million, into Binance for potential profits.
This trader’s astute decision-making has undoubtedly paid off. He engaged in two significant transactions involving BTC, both of which yielded substantial returns. The first trade involved the purchase of 718 BTC at an average rate of $29,385 between August 9 and November 2, 2023. He then sold all of these BTC at an average price of $41,953 from December 15 to December 18, 2023, generating a profit of $9 million, representing a remarkable 43% increase.
In his second major trade, the trader acquired 1,181 BTC at an average cost of $48,822 from February 7 to May 13. He later sold these BTC at an average price of $66,792 between May 27 and June 20, earning a staggering $21.2 million, equivalent to a 37% profit.
These impressive trades serve as clear evidence of the trader’s patience in waiting for opportune moments to invest, resulting in substantial returns. His recent decision to deposit 660 BTC into Binance suggests that he is anticipating another lucrative trade.
This news not only highlights the trader’s remarkable success but also underscores the potential profitability of Bitcoin trading. It serves as an inspiration for many individuals considering entering the world of Bitcoin trading, although it also serves as a reminder of the inherent volatility of this market.
Tags: BTC
