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Bitcoin whale that has been dormant for 8 years awakens: 400 BTC entered, earning $30 million in profit
【BlockBeats】Interesting on-chain data has arrived. On December 25th, a Bitcoin whale address that had been dormant for 8 years suddenly became active, transferring 400 BTC to a major exchange in one go. Based on the current market price, this transfer is worth approximately $34.92 million.
Even more astonishing is that this long-term holder has seen a paper profit of $30.04 million since buying. With an 8-year holding period, they had hardly moved their assets until this recent market surge, when they decided to partially sell.
Operations by such large investors have always been market indicators. When whales start to become active, it often signals that they have new insights into the future trend. Whether it’s cashing out or rebalancing, the logic behind these large transactions is worth our attention.