A prominent cryptocurrency whale has cashed in big on the recent Bitcoin price surge. Over the past two days, the whale sold off 540 Wrapped Bitcoin (WBTC) for a total of $29.6 million. This move yielded a profit of around $15.5 million. The whale had initially acquired 721 WBTC from Binance between August 21 and August 25, 2023, at an average price of $26,191 per WBTC.

The profit-taking didn’t stop there. In the last 36 hours, the same whale sold another 320 WBTC for $17.8 million as Bitcoin prices began to recover. This portion of the whale’s holdings was accumulated during the previous year’s bear market at an average price of approximately $26,176 per WBTC.

After these transactions, the whale still holds 250 WBTC, currently valued at $14.3 million. With a total estimated profit of $21.3 million and an impressive ROI of 91.3%, this whale’s strategic trading has proven highly lucrative. By buying during the bear market and selling at opportune moments, the whale has demonstrated exceptional market timing and financial acumen. This case highlights the potential for significant gains in the cryptocurrency market for those who can successfully navigate its volatility.