Jul 19, 2024
According to data tracked by Arkham Intelligence and Lookonchain, one crypto address that is recognized for substantial trading profits has made a fresh BTC investment this week. The address amassed 245 BTC worth nearly $16 million on Tuesday, taking the tally to 248 BTC. In the past 12 months, it has made $30 million by bargain-hunting BTC at low prices and selling closer to trend tops. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Up Next
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/8Frio528-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/xTqpkDOt-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/umJgOvle-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/vhMFqyes-1920.jpg)
:format(webp)/assets-jpcust.jwpsrv.com/thumbnails/EIEg4YPI-1920.jpg)
Video transcriptThe chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day one crypto address that is recognized for substantial trading profits has made a fresh Bitcoin investment this week. According to data tracked by Arkham Intelligence and look on chain. The address amassed 245 Bitcoin worth nearly $16 million on Tuesday taking the tally to 248 Bitcoin. The transaction is noteworthy given the address's history of making profitable bets in the past 12 months, it has made $30 million by bargain hunting Bitcoin at low prices and selling closer to trend tops. Its latest investment suggests confidence in Bitcoin's price prospects as the leading Cryptocurrency recovers from the $53,500 level on July 5th as of 10 a.m. Eastern time, Bitcoin is trading above $65,000. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.