From Investing.com

September 14, 2024 4:30:18 pm:

Bitcoin, the largest cryptocurrency by market value, surged past $60,000 to reach highs of $60,660 in Saturday trading, reversing September losses amid economic fears. The price rose further to $60,770 on Friday, driven by optimism for a possible large rate cut at the Federal Reserve’s next meeting. The gains were sustained, with Bitcoin up 3.27% in the last 24 hours to $59,835.

Seven dormant Bitcoin wallets owned by a whale deposited 203 BTC, worth $12.18 million, into Binance, signaling a potential intent to sell. The same whale had bought the 203 BTC for $5.29 million earlier this year, showcasing significant profit-taking behavior. On-chain data highlights the whale’s trading activity and market influence.

Bitcoin whales have been active, with one buying an additional 1,062 BTC worth $63.96 million after the price broke $60,000. Another swing trader deposited 205 BTC, worth $12.4 million, into Binance for a profit of $2.36 million. Corporate holder MicroStrategy bought 18 BTC worth $1.11 billion at $60,408, maintaining a sizable Bitcoin portfolio.

MicroStrategy currently holds 244,800 BTC worth $14.15 billion, with an average buying price of $38,585. At current prices, their total profit would be a remarkable $4.71 billion. As Bitcoin continues to make strong gains, whales and corporate buyers are actively engaging in significant trading activities.

Read more at Investing.com: Dormant Bitcoin Wallets Awaken as BTC Skyrockets to $60,000 By U.Today