Another notable “whale” activity has emerged in the cryptocurrency market. According to onchain analysis, a former investor who bought Bitcoin at a low price approximately 13 years ago is continuing to divest some of their assets. It has been reported that this investor has transferred a portion of their Bitcoin holdings back to the Binance exchange.
This “early whale” first purchased 5,000 $BTC approximately 13 years ago at an average price of $332 per $BTC. In his latest transaction, the investor transferred 500 $BTC to Binance. At current prices, this amount is estimated to be worth approximately $33.28 million.
It is stated that the same whale has been selling gradually since November 2024, sending a total of 4,000 $BTC to the exchange. The total value of these transfers is estimated to be approximately $365 million, with an average selling price of $91,258. Thus, it is calculated that the investor has made a total profit of approximately $363 million.
According to the data, the address in question still holds 1,000 $BTC. The current market value of this amount is approximately $66.62 million.
Experts note that such large-scale transfers can create selling pressure on the market, but also reflect the tendency of long-term investors to take profits. Whale movements continue to be closely monitored by investors, especially in terms of market direction.
*This is not investment advice.
