Bitcoin Whale Resumes Activity After Years of Dormancy
Chain analysis reveals a significant movement from a long-term Bitcoin holder. The wallet address recently transferred 500 BTC to Binance just 9 hours ago, representing $47.77 million at current market rates.
Decade-Long Holding Strategy Unfolded
- Initial accumulation of 5,000 BTC in November 2013 at $332 average price
- Major withdrawal activity initiated in November 2024
- Current holdings maintain 2,500 BTC after recent sale
Profit Realization and Market Implications
To date, 2,500 BTC have been transferred to Binance with an average price of $104,632, generating $260 million in realized gains. The remaining $237 million BTC position continues to draw market attention for potential future movements.