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Whale buys $98.9M in Bitcoin near June low, nets $3.5M profit in two days as BTC rebounds.

Technical Signals
08 Jun 2026
Bitcoin
View Source
Bullish
pluang ai news

A single large investor bought 1,656 BTC worth about $98.9 million at nearly Bitcoin's June 5 low of $59,100. Within two days, this position gained roughly $3.5 million as Bitcoin's price climbed back toward $64,000, helped by geopolitical optimism following U.S. President Trump's remarks on an Iran deal. The whale transferred the coins to Binance, often a sign of preparing to sell or hedge, though it is unclear if the coins were sold immediately. This trade highlights how smart money can enter near market bottoms, offering a counterpoint to the recent bearish sentiment, but the longer-term market direction remains uncertain amid ongoing geopolitical tensions.

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