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Bitcoin Whale Sells 720 BTC for $51.16 Million, Booking $1.03 Million Profit

Bitcoin Whale Sells 720 BTC for $51.16 Million, Booking $1.03 Million Profit

According to Onchain Lens (blockchain tracking platform), the large holder bought the Bitcoin about two weeks earlier before exiting the position at a gain.

BTC

Fact Check
The claim is directly corroborated by a reputable crypto news outlet (PANews) which provides specific details including the wallet address (bc1qf8), the exact amount of BTC (720), the sale value ($51.16 million), and the profit ($1.03 million). The source cited by the news outlet, Onchain Lens, is a known blockchain analytics platform.
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Terms & Concepts
  • Bitcoin whale: A wallet or investor holding a large amount of Bitcoin, often large enough for its trades to draw market attention.
  • On-chain: Activity recorded directly on a blockchain, allowing analysts to trace wallet movements and transaction history.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.