12-Year Bitcoin Whale Moves $29.68M to Binance — More Selling Ahead?
According to @EmberCN, a long-term Bitcoin whale has just transferred 250 BTC (≈ $29.68 million) to Binance — sparking speculation about continued profit-taking and market impact.
📜 The Backstory:
This whale originally accumulated 5,000 BTC in November 2013, when Bitcoin was trading at just $332. That stash, now worth over $500 million, sat dormant for over a decade.
🔁 Activity Heats Up:
After 11 years of silence, the whale began offloading coins. Over the last eight months, they’ve sold 1,000 BTC, gradually realizing massive profits.
⚠️ Why It Matters:
This latest 250 BTC transfer to Binance could signal more selling ahead. With long-term holders cashing out, this introduces potential selling pressure on the broader market — especially during uncertain or sideways conditions.
💬 Market watchers are asking:
Is this just routine profit-taking, or the start of a larger whale exodus?