A Bitcoin whale has moved another 583.23 BTC to a new wallet, according to on-chain analyst Onchain Lens. The transferred holdings were valued at about $37.57 million at the time of the alert. Onchain Lens said the address originally acquired 852.469 BTC around eight years ago for about $15.63 million, when Bitcoin was trading at roughly $18,300. Since then, the whale has continued splitting the position across multiple fresh wallets, while also sending part of the funds to exchanges. The transfer adds to a broader pattern of gradual redistribution from the original address rather than a one-off move.
A Bitcoin whale has transferred another 583.23 BTC to a new wallet, according to on-chain analyst Onchain Lens (@OnchainLens). The moved amount was valued at about $37.57 million.
Onchain Lens said the address acquired 852.469 BTC around eight years ago for about $15.63 million, when Bitcoin was trading at roughly $18,300.
Since then, the whale has continued to disperse the related holdings across multiple new wallets and has also sent part of the funds to exchanges.
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