Million

<p>A skilled cryptocurrency trader has reportedly earned a staggering $24 million in profit through a series of savvy bitcoin trades over the past year, according to on-chain data shared by the X account <a href="https://twitter.com/lookonchain/status/1780946539399327853?t=T_yv8xUlsmuIe6BLYe5n3A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@lookonchain.</a></p>
<p>The trader, whose identity remains unknown, has demonstrated an impressive ability to buy bitcoin (BTC) at low prices and sell at highs, capitalizing on the volatile nature of the crypto markets.</p>
<p><strong>One Transaction Nets $21 Million Profit</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="600" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-1024x600.png" alt="" class="wp-image-477255" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-1024x600.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-300x176.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-767x449.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-1536x899.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-2048x1199.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-256x150.png 256w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-598x350.png 598w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888-788x461.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-888.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In a standout trade just hours ago, the trader spent 30.76 million DAI (a USD-pegged stablecoin) to purchase 500.68 BTC at $61,436 each. This single transaction alone netted an eye-popping $21.04 million in realized profits for the trader.</p>
<p>@lookonchain refers to this anonymous investor as “very smart” for consistently timing the market and executing lucrative trades.</p>
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    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<p><strong>History of Profitable Bitcoin Trades</strong></p>
<p>A look back at the trader’s track record reveals a pattern of shrewd bitcoin buying and selling over the past year:</p>
<ul>
 <li>From February to March 2022, the trader conducted three BTC trades, purchasing at lows and selling at highs to earn $4.26 million in just one month.</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="421" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-1024x421.png" alt="" class="wp-image-477263" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-1024x421.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-300x123.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-766x315.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-1536x632.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-2048x842.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-365x150.png 365w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-100x41.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-851x350.png 851w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889-788x324.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-889.png 1199w" sizes="(max-width: 1024px) 100vw, 1024px">
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<ul>
 <li>In April 2022, they spent $32.12 million to buy 816 BTC amid a market downturn.</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="397" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-1024x397.png" alt="" class="wp-image-477279" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-1024x397.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-300x116.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-766x297.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-1536x596.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-2048x794.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-387x150.png 387w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-100x39.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-903x350.png 903w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890-788x305.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-890.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<ul>
 <li>As prices continued falling, the trader doubled down in September 2022 and January 2023, acquiring another 336 BTC for $6.75 million at around $20,000 per coin.</li>
 <li>The big payoff came on March 15th of this year when the trader sold 500 BTC for $33.64 million at $67,283 each, locking in over $16 million in profit.</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="647" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-1024x647.png" alt="" class="wp-image-477287" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-1024x647.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-300x190.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-767x485.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-1536x971.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-2048x1295.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-237x150.png 237w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-554x350.png 554w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891-788x498.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-891.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<ul>
 <li>Just 3 hours ago, the trader redeployed $30.76 million to buy back into BTC at the lower price of $61,436 per coin.</li>
</ul>
<p>The anonymous trader’s BTC wallet currently holds 1,153 BTC worth around $71.72 million at current prices, with an unrealized profit of $35.7 million on those holdings.</p>
<p>While the identity and strategies of this “smart” trader remain a mystery, their trades demonstrate the potential for massive profits in the highly volatile crypto markets for those with keen market timing abilities.</p>
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<p>The post <a href="https://captainaltcoin.com/how-a-very-smart-trader-made-24-million-trading-this-one-crypto/" rel="noopener noreferrer nofollow">How a ‘Very Smart’ Trader Made $24 Million Trading This One Crypto</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How a ‘Very Smart’ Trader Made $24 Million Trading This One Crypto

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