A long-time whale who bought 5,000 BTC 13 years ago (at a price of approximately $332/ BTC) has just transferred another 500 BTC to Binance , worth approximately $33.28 million at current prices.
Since November 2024, this address has been gradually transferring BTC to Binance for sale, indicating a phased profit-taking process rather than a single Dump .
- Whales transferred an additional 500 BTC to Binance, worth approximately $33.28 million.
- A total of 4,000 BTC has been transferred since November 2024, worth approximately $365 million, with an average price of around $91,258/ BTC.
- The wallet still holds 1,000 BTC, worth approximately $66.62 million at current prices.
Latest transaction: 500 BTC to Binance
Whales transferred an additional 500 BTC to Binance on March 27th, equivalent to approximately $33.28 million at current prices.
According to Ember, this whale bought 5,000 BTC 13 years ago at around $332/ BTC, placing him among the rare long-term holder . The continued listing of BTC on exchanges is usually closely watched by the market as it could be related to selling, especially when transactions are executed in multiple tranches.
Profit-taking schedule starting from November 2024 and remaining balance.
From November 2024 to the present, whales have transferred 4,000 BTC to Binance, worth approximately $365 million, at an Medium price of around $91,258/ BTC.
The estimated profit realized after gradually selling the aforementioned BTC is approximately $363 million. The address still holds 1,000 BTC, equivalent to about $66.62 million at current prices, indicating that the whale has not completely exited its position and still has room for further transfers.
