In a move that caught the attention of followers, an old Bitcoin whale reactivated his wallet after nearly 14 years of dormancy, having purchased 3,962 BTC in January 2011 when the price of Bitcoin was only $0.375! 😱
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💰 The first movement since 2011... worth over $53 million
According to on-chain data, the whale has recently started selling Bitcoin in small batches:
🔹 Transferred 450 BTC (approximately $53.42 million), of which
🔸 150 BTC were sent to addresses linked to major market makers like Coinbase, B2C2, and Wintermute over the past five days.
💡 This strategy is similar to what another whale did recently, who owned 80,000 BTC, as he used liquidity providers instead of selling directly on exchanges.
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💼 Remaining balance: 3,678 BTC = approximately $434 million
Despite these movements, the whale still holds 3,678 Bitcoin in his wallet – equivalent to $434 million at the current price, and his addresses can be traced via the Arkham platform.
🔸 Currently, Bitcoin is trading at $117,795, with a nearly stable movement throughout the day.
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📌 This information is for news purposes only and does not constitute investment advice.
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