On-chain data shows a Bitcoin whale active since 2013 moved 500 BTC (worth ~$47.77 million) to Binance early today. The address remained dormant for 12 years until November 2024, when it began sporadic transfers.
Entry at $332 per BTC in 2013, Cost Just $1.66M
The whale bought 5,000 BTC at an average price of $332 in November 2013, costing only $1.66 million. At current prices, the unrealized gain is nearly 300x.
Partial Exits: $260M Realized Profit
Since November 2024, the whale has made four transfers to Binance, totaling 2,500 BTC sold at an average exit price of $104,632. Estimated realized profit stands at roughly $260 million (about NT$8.3 billion). Analysts interpret the 50% sell-off as a cautious profit-taking move, possibly signaling a late-cycle bull market.
Still Holding 2,500 BTC; Bitcoin Consolidates
The whale retains 2,500 BTC. Some analysts note that keeping half the stash may not be bearish, but further exchange inflows could pressure sentiment. Bitcoin traded in a tight range of $94,500-$95,500 over the weekend, with key support at $94,000. A push above $100,000 could open the door to new highs; a failure may trigger a retest of $90,000.