Whale-Linked Wallets Book $11.6M Profit on Bitcoin Longs as BTC Nears $80K

A large Bitcoin trader may have cashed out $11.6 million in profits as BTC climbed toward $80,000, according to blockchain analytics platform Lookonchain.

The gains came from long positions held across two wallets, “0x5FA9” and “0x2371,” which Lookonchain said may belong to the same whale. Both wallets exited their positions after maintaining the trades for nearly two months.

The exits came during a sharp Bitcoin rally, with the cryptocurrency gaining 23.2% over the past week and approaching $80,000.

Source: Lookonchain