An interesting on-chain action just occurred—5 hours ago, a large holder withdrew 80 BTC from a certain exchange in one go, which at the current price is roughly $7 million.
Looking into the historical holdings of this address, the reserve is quite substantial: the account holds 421 BTC, with a total value of about $36.8 million. More notably, the average cost basis for this large holder is $88,209 per BTC— in other words, since then, the position has already realized a significant unrealized profit.
Such large withdrawals often reflect certain intentions of the holder, possibly to participate in more investment strategies or to prepare for some plans. If you want to track the movements of big BTC holders, paying attention to this type of on-chain data can be quite insightful.
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OptionWhisperer
· 17h ago
Pulling out 80 BTC at once, how happy must this guy be with his unrealized gains... The cost basis of 88k has now doubled, right?
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CryptoComedian
· 17h ago
Withdrawing 80 Bitcoins in one go, this guy really isn't afraid of an exchange running away with his funds.
The big investor bought in at a cost of 88209, now enjoying a significant floating profit... while we're still getting cut here.
This kind of withdrawal action is the most heartbreaking; watching others with over 3 million in unrealized gains while I’m still fluctuating at a loss line.
I'm really curious whether this move is to dump the market or if there's some new trick up their sleeve. The actions of big players can influence the fate of us little guys.
On-chain data doesn't lie; just by looking at the scale, you can tell he's a tough player. Stay tuned for the scoop.
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SatoshiLeftOnRead
· 17h ago
Pulling out 80 BTC all at once, this guy really has some ideas. With such high unrealized gains, he's not greedy. Did he smell something?
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gas_guzzler
· 17h ago
80 BTC can be withdrawn on demand, such a move... I don't have the resolve for that, I would have already cashed out long ago.
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New_Ser_Ngmi
· 17h ago
Pulling out 80 Bitcoins at once, this guy's move is really bold.
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Cost basis of 88209? Already a guaranteed win, how comfortable must that unrealized profit be.
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But actions like this from big players often indicate something. Keep a close watch.
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Holding 421 Bitcoins, truly a big player, retail investors can only look up in admiration.
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Withdrawing coins is about taking action; idling is just idling, right?
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OnchainDetectiveBing
· 17h ago
It's large holders withdrawing again, this time 80 tokens, indicating someone is preparing for a big move.
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quiet_lurker
· 17h ago
Wow, withdrawing 80 BTC at once, this guy's move is really impressive.
An interesting on-chain action just occurred—5 hours ago, a large holder withdrew 80 BTC from a certain exchange in one go, which at the current price is roughly $7 million.
Looking into the historical holdings of this address, the reserve is quite substantial: the account holds 421 BTC, with a total value of about $36.8 million. More notably, the average cost basis for this large holder is $88,209 per BTC— in other words, since then, the position has already realized a significant unrealized profit.
Such large withdrawals often reflect certain intentions of the holder, possibly to participate in more investment strategies or to prepare for some plans. If you want to track the movements of big BTC holders, paying attention to this type of on-chain data can be quite insightful.