Smart Bitcoin Trader Nets Over $15 Million Profits

The post Smart Bitcoin Trader Nets Over $15 Million Profits appeared first on Coinpedia Fintech News

Despite the short-term pullback in Bitcoin, dropping from the new all-time high of $94,957 to the current market price of $92,230, a smart trader has made profits by chasing the bull run in BTC prices. From November 6 to 8, the trader sold 619 WBTC for $46.44 million and made $8.85 million in profits. The average sale price was $75,029. However, as the BTC price quickly broke the $80k barrier, he bought 562 WBTC at $80,895 to sell near the all-time high peak of $93,050, making a massive profit of $6.85 million.