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A savvy investor made millions of dollars in just a few days by correctly reading the price movements of Bitcoin.
According to Lookonchain data: A Bitcoin whale withdrew 767 Bitcoin worth $45.44 million from the Coinbase exchange on May 3 when the Bitcoin price fell to $59,226.
Bitcoin’s price started to recover and rise again towards the weekend, partly due to the disappointing US economic data released on Friday.
Seizing the opportunity for Bitcoin to rise above $63,000, the investor transferred 767 Bitcoin to the Binance exchange at night. The value of these Bitcoins at the time of the transaction was $48.46 million. Thus, the wallet owner managed to make a profit of around $3 million in a few days.