According to on-chain data monitoring, an "ancient whale" that started investing in Bitcoin as early as 2013 became active again this morning (18th), transferring 500 BTC (approximately US$47.77 million) to Binance. According to Ember's analysis records, this address had not moved for the past 12 years, and only began to move sporadically in November 2024.
Looking back, this whale bought 5,000 BTC in November 2013 at an average price of $332, with a total cost of only about $1.66 million at the time.
Profits have been realized in stages, totaling NT$8.3 billion.
Data shows that this address has transferred funds to Binance four times since November 2024, selling a total of 2,500 BTC at an average price of $104,632. The estimated realized profit is approximately $260 million (about NT$8.3 billion).
Bitcoin is currently at a critical juncture, with the market closely watching whether it can rebound above $100,000 or whether it's just a rebound in a long bear market decline. This whale"half-out, half-in" approach may indicate that he believes the current bull market is nearing its end and is methodically locking in profits, sparking discussions about "profit-taking" in the community.
Holding 2500 BTC, Bitcoin traded in a narrow range.
After the transfer, the whale still holds 2,500 BTC. Some analysts believe that the whale continued large holdings do not necessarily pose a negative factor for the price in the medium to long term. However, if the remaining tokens are subsequently observed to flow into exchanges, it could further impact market sentiment.
Over the weekend, Bitcoin traded in a narrow range between $94,500 and $95,500. The current key support level is around $94,000. If BTC can hold above this level or quickly rebound after breaking below it, it may challenge the $100,000 mark next. Otherwise, it may retest $90,000.
