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 (with $533m) and are now $718m in profit ($1.2b total). It helps that they have half a billion in scratch to throw around, but they still have the huevos to take the L and come back in. I expect they're going to be a HODLer going forward as they haven't sold into 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
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