On August 14, on-chain monitoring account ai_9684xtpa reported that a Bitcoin whale holding positions for about three years appeared to begin selling. Address bc1q7…jvlgw sent 158.7 BTC into Coinbase eight hours earlier, valued at roughly $10.01 million. The funds were linked to address 3JLdM…jEp9L, which withdrew BTC from Kraken on March 11, 2023, and then kept the coins for a long period. The estimated cost basis of the whale was approximately $20,000 per BTC. During the recent bull market, the position recorded a floating profit exceeding $15.31 million at one point. If the entire 158.7 BTC deposited to Coinbase is sold, the whale is projected to realize around $6.206 million in profit. That amount represents a decline of more than 40% from the peak floating gain. The monitoring data did not specify when the sale would be completed or whether the whale plans to sell all deposited coins. The transfer occurred about eight hours before the alert was published on August 14.
On August 14, on-chain monitor ai_9684xtpa reported that a Bitcoin whale appears to be selling after holding positions for about three years. The address bc1q7…jvlgw deposited 158.7 BTC worth about $10.01 million into Coinbase eight hours earlier. The coins can be traced to address 3JLdM…jEp9L, which withdrew BTC from Kraken on March 11, 2023, and then held them long term. The whale's cost basis was about $20,000 per BTC.
During the current bull market, the position once floated paper gains above $15.31 million. If all 158.7 BTC moved to Coinbase are sold, the whale would realize roughly $6.206 million in profit. That is more than 40% lower than the peak floating gain. Further details about the wallet's remaining holdings were not disclosed.
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