Custody arm of Binance, one of the important actors of the cryptocurrency world Ceffurealized Bitcoin (BTC) 
$64,586 is on the agenda again with its transactions. The platform, which accumulated Bitcoin on October 10 and 11, recently transferred 1,133 Bitcoins to Binance. Thanks to these transactions, Ceffu earned approximately 3.66 million dollars.
Ceffu Takes Action to Accumulate Bitcoin
According to data from Lookonchain, Ceffu on October 10 and 11 BitcoinWhile the price was 60 thousand 815 dollars, he bought a total of 1,988 BTC (approximately 120.88 million dollars). These purchases showed that the platform was strategically accumulating BTC at low prices.
The 3.2 percent increase in Bitcoin’s price today also attracted attention in the markets. Following this rise, Ceffu reached 1,133 units. BTCHe accelerated the activity by transferring ($72.57 million) to Binance. At the time of the transfer, the unit price of Bitcoin reached 64 thousand 47 dollars.
Made a Profit of $3.66 Million
lookonchainAfter this latest move by Ceffu, the platform also revealed the profit it made from Bitcoin transactions. It was calculated that a gain of approximately 3.66 million dollars was made by transferring 1,133 BTC to Binance.
These transactions show that Ceffu is quite successful in his Bitcoin trading strategy. The platform does not actually do the difficult thing, but rather the obvious, easy thing. In other words, he tries to increase his profitability by accumulating Bitcoin at low prices and selling when the price rises.
These recent transactions are both Binance and reinforced Ceffu’s influence in the market. With the continued volatility in Bitcoin’s price, such large-scale transactions will be carefully monitored by investors.
With all this, according to CoinMarketCap’s data, Bitcoin is trading at $63,811 with an increase of 3.46 percent in the last 24 hours at the time this news was being prepared. Data shows that transaction volume increased by 88.81 percent to $30.34 billion in the same period. Experts state that the activity in the market will increase with the opening of the US trading session at 16.30.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
