Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits
Such movements have also become more frequent recently. Long-dormant bitcoin wallets have reactivated, often moving coins to exchanges as early holders lock in gains after years of inactivity. (BTC USD) $65,907.70 -0.13% $ETH USD $1,981.17 -0.14% $SOL USD -$82.63 - 0.04% $PYTH USD $0.0373 -0.00% $LINK USD $8.50 -0.11% Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits By Naga Avan-Nomayo Exchanges•March 27, 2026, 10:55 Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits Partner offers An early Bitcoin holder has moved another 500 BTC, worth roughly $33 million, to Binance, continuing a months-long deposit streak. Around 4,000 BTC have now been moved to the exchange, implying an average selling price above $91,000 and about $363 million in possible profit.
An early bitcoin holder $BTC -4.19% has moved another 500 BTC, worth about $33 million at the time of the transaction, to Binance, continuing what seems like a steady unwind of coins accumulated more than a decade ago.
Last week, the same address sent 5,000 BTC to exchanges, as The Block reported. Trackers show the unknown holder has been gradually distributing holdings into exchange liquidity over recent months.
Onchain data tracked by Arkham Intelligence — which first acquired 5,000 BTC in November 2013, according to blockchain analysts EmberCN — has now transferred around 4,000 BTC to Binance since late 2024.
The wallet now holds about 1,000 $BTC BTC, valued near $66 million at current prices.
While it’s unconfirmed that the deposits were intended for sales, the deposit patterns usually point to a holder offloading assets via crypto exchanges.
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The cryptocurrency market in 2026 is entering an unprecedented turning point. Bitcoin, once seen as a 'geek toy', is now becoming an important player in the global financial system. The hottest discussions lately are centered around three key phrases: institutional funds, ETF wars, and whale strategies. Firstly, Wall Street funds are pouring into the Bitcoin market at an unprecedented speed. The U.S.-listed spot @Bitcoin and @undefined has attracted billions of dollars in a short period, indicating that large institutions are incorporating Bitcoin into their long-term investment portfolios. Research has even pointed out that about 74% of family offices have explored or invested in digit al assets, which means Bitcoin is gradually transitioning from a speculative asset to a part of mainstream asset allocation. XBTO$ On the other hand, an intriguing phenomenon has emerged in the market: while funds are flooding into ETFs, prices have not surged in tandem. Some analysts believe this indicates a 'chip transfer' in the market — retail investors are selling, while long-term institutional investors are quietly accumulating.
$SOL : $1 BILLION for buyback! The largest SOL company is launching a buyback program
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