39th largest BTC wallet sold everything at the bottom and DCA’d back in to $718m profit

I was looking into the largest BTC addresses to see what the long-term strategies of different whales might be navigating these different market cycles.

As a result I stumbled upon the 39th largest BTC wallet who sold all their 32.9k BTC on 3/17/20 @$5,180.57 for a loss of $87k. They’ve since DCA’d back into the market and is now $718m in profit. Sure it helps that their DCA total is $533m, but they still have the huevos to take the L and come back in. I expect they’re going to be HODLer going forward as they haven’t sold in the recent pullback on price.

No time like the present to set up your DCAs.

Benjamin Cowen has a recent video on this topic as well. Yes, he is my muse. No, I will not apologize for my financial proclivities.

Edit – fixed some pronouns