An event occurred in the world of cryptocurrency that caught everyone's attention: a "dormant" whale, meaning a large investor who held their assets without movement for seven years, transferred 750 $BTC to the Binance exchange. This transaction, worth around 83 million US dollars, occurred when the price of Bitcoin reached 111,000 dollars per coin. Analysts from Lookonchain and Arkham Intelligence note that this wallet, address bc1q5...9mfcm, received coins back in 2013 when BTC was only 332 dollars. Now the owner has realized a profit of over 83 million dollars, which is an impressive example of long-term investing.
Such activity from "dormant" whales is not uncommon in the crypto industry, but it always raises speculation. Some experts believe that the transfer to Binance may signal an intention to sell assets, which could potentially impact market volatility. Others suggest that the whale is planning to diversify their portfolio, for example, by purchasing Ethereum, as similar players have done recently. According to Arkham, after the transaction, the wallet still holds 750 BTC, and the associated address holds 2,500 BTC worth 276.5 million dollars. Overall, this investor has already sold 1,750 BTC at an average price of 108,160 dollars, realizing a profit of 189.3 million.
This event highlights Bitcoin's resilience: since the coins were acquired, the price has increased by hundreds of times, demonstrating the strength of the HODL strategy. At the same time, massive movements by whales can cause short-term fluctuations, so traders advise keeping an eye on on-chain data. The cryptocurrency market continues to evolve, and such stories inspire newcomers to be patient and cautious.
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