After Three Years of Silence, Whale Deposits 650.76 BTC to Gemini with Potential Profit of $25.37 Million

Whale Emerges from Three-Year Silence

Recently, OnchainLens detected a notable transaction: a long-dormant cryptocurrency whale deposited 650.76 Bitcoin (BTC) into the Gemini exchange, valued at $43.05 million.

This deposit has garnered significant attention as the whale had been inactive for three years. The move might signal a shift in market trends or indicate the whale has developed a new investment strategy.

Potential Profit Analysis

Based on current BTC valuations, if the whale decides to sell, it could realize a profit of approximately $25.37 million—a return of nearly 140%.

• Deposit amount: 650.76 BTC
• Current value: $43.05 million
• Potential profit: $25.37 million

Transactions of this magnitude often influence market dynamics, especially among institutional investors and large traders.

Market Impact and Outlook

While the whale's ultimate intentions remain unclear, this activity has sparked speculation. Possible scenarios include:

• Planning for long-term investment
• Preparing for a major trade
• Adjusting asset allocation in response to market shifts

Regardless of the outcome, this transaction highlights Bitcoin's enduring appeal to high-net-worth investors.