{"id":73723,"date":"2026-06-08T10:51:09","date_gmt":"2026-06-08T10:51:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/buys-98-9m-bitcoin-at-59734-and-nets-3-5m-profit-in-two-days\/"},"modified":"2026-06-08T10:51:09","modified_gmt":"2026-06-08T10:51:09","slug":"buys-98-9m-bitcoin-at-59734-and-nets-3-5m-profit-in-two-days","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/buys-98-9m-bitcoin-at-59734-and-nets-3-5m-profit-in-two-days\/","title":{"rendered":"Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A whale bought 1,656 BTC ($98.93M) at $59,734, near bitcoin\u2019s June 5 low of $59,100.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The position gained about $3.5 million in two days as BTC climbed back toward $64,000 behind Trump\u2019s recent Iran-related remarks.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The coins were moved to Binance, a step that often precedes selling or hedging.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Buying the Exact Bottom<\/span><\/h2>\n<p><span style=\"font-weight:400\">The purchase landed as <span>bitcoin<\/span> carved out its weakest level of 2026,<\/span><span style=\"font-weight:400\"> touching an <\/span><a href=\"https:\/\/news.bitcoin.com\/why-is-bitcoin-crashing-worst-week-of-2026-59100-low-and-more-than-half-of-all-btc-now-in-the-red\/\"><span style=\"font-weight:400\">intraday low near $59,100<\/span><\/a><span style=\"font-weight:400\"> on June 5 before reversing higher, meaning the <span>whale<\/span> entered almost at the exact moment sentiment was at its bleakest. Within 48 hours, the position was deep in profit as the price <\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin-surges-64k-trump-netanyahu-iran-deal\/\"><span style=\"font-weight:400\">recovered toward $64,000<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">The episode came amidst a contrast of heavy losses for less fortunate traders, hundreds of thousands of whom were <\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin-slides-below-60k-as-traders-trigger-1-57b-liquidation-wave-across-crypto\/\"><span style=\"font-weight:400\">liquidated during the sell-off<\/span><\/a><span style=\"font-weight:400\"> that drove the price to its lows.<\/span><\/p>\n<figure id=\"attachment_821159\" aria-describedby=\"caption-attachment-821159\" style=\"width:1644px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-821159\" class=\"wp-caption-text\">The <span>whale<\/span>\u2019s near-perfect 1,656 <span>BTC<\/span> buy near its local bottom, per Arkham Intelligence,<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The <span>whale<\/span> deposited the 1,656 <span>BTC<\/span> to Binance three hours before his movements came to light, locking in roughly $3.5 million in gains in just two days. Moving coins onto an exchange could potentially be viewed as a prelude to selling, i.e. if the buyer is looking to book profits immediately rather than wait for a longer recovery.<\/span><\/p>\n<p><span style=\"font-weight:400\">A single transfer of nearly $99 million in <span>BTC<\/span> is significant enough to shift order books, and onchain analysts track these flows for early signals of where big money is positioning. That said, i<\/span><span style=\"font-weight:400\">t is still unclear whether the <span>whale<\/span> sold immediately or simply repositioned the coins. Either way, the trade is an example of conviction buying even when the overarching market seems to be capitulating.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Smart Money Steps In<\/span><\/h2>\n<p><span style=\"font-weight:400\"> <span>Bitcoin.com<\/span> News reported recently that more than half of all <span>BTC<\/span> in circulation had fallen into unrealized loss as the asset approached local lows, historically a marker of major market bottoms and a level at which long-term holders have tended to buy.<\/span><\/p>\n<p><span style=\"font-weight:400\"> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Whale<\/a> activity, however, does not guarantee a durable reversal since large holders can be wrong, and a single well-timed trade says little about the market\u2019s longer-term direction. But the willingness of deep-pocketed buyers to step in near $59,000 offers a counterpoint to the <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a> mood that has been a dominant theme over the last 20-odd days.<\/span><\/p>\n<p> <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> has remained well below its mid-May record above $82,000, and the macro and geopolitical forces that triggered the sell-off have not fully resolved, even though <a href=\"https:\/\/news.bitcoin.com\/bitcoin-surges-64k-trump-netanyahu-iran-deal\/\">President Trump revealed recently<\/a> that Israeli Prime Minister Benjamin Netanyahu will have \u201cno choice\u201d but to accept a U.S.-brokered deal with Iran over the coming days.<\/p>\n<p>If the recovery extends on the heels of these comments, early buyers (operating near <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>\u2019s lows) could gain a substantial kitty. However, if the situation falters, even a well-timed entry could be tested.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-whale-buys-bottom-98-million-3-5-million-profit\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A whale bought 1,656 BTC ($98.93M) at $59,734, near bitcoin\u2019s June 5 low of $59,100. The position gained about $3.5 million in two days as BTC climbed back toward $64,000 behind Trump\u2019s recent Iran-related remarks. The coins were moved to Binance, a step that often precedes [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73723"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73723"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73724"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}