Recently shared analytics data reveals that Bitcoin traders are expecting 'Uptober' with its massive profits again this year
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The figures shared by @lookonchain demonstrate that from 2013 until 2023, Bitcoin declined in September and soared in October .Thus, in October last year, Bitcoin went up by 27.92%, rising from $26,970 to $34,499. In 2021, BTC soared from $43,859 to $61,837, showing a massive increase of 40.99%. That year, Bitcoin spiked to an all-time high of close to $69,000, with a Bitcoin halving taking place in March 2020.
Meanwhile, cryptocurrency whales continue to accumulate Bitcoin, increasing their BTC positions. The above-mentioned account @lookonchain reported earlier today that a large whale with slightly more than half a billion U.S. dollars worth of Bitcoin holdings bought another large BTC stash.evaluated at approximately $19 million, earlier today. Over the last five days, the same whale bought 2,322 BTC worth $136 million in total.
In the meantime, another smart crypto trader withdrew a large Bitcoin chunk from Binance – 1,100 BTC worth $64.2 million with a profit of $62 million, according to X analytics account @spotonchain.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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