Two Whale Wallets Cash Out Bitcoin Longs After Two Months, Bank $11.6M Profit

BitcoinWorld Two Whale Wallets Cash Out Bitcoin Longs After Two Months, Bank $11.6M Profit In a notable move that underscores the current bullish sentiment in the cryptocurrency market, two whale wallets—believed to be controlled by the same entity—have closed their Bitcoin long positions after holding them for approximately two months.

The transactions, executed about an hour ago, locked in a combined profit of $11.6 million. Details of the Trade According to on-chain data, the two addresses opened 300 BTC long positions each in early July.

The exit was carried out in three separate transactions during the same period today. At the time of writing, Bitcoin was trading at $80,615.88, reflecting a 4.52% increase over the past 24 hours, as per CoinMarketCap.

This whale activity comes amid a broader market rally that has seen Bitcoin reclaim the $80,000 level, a key psychological threshold.