A Bitcoin whale that had stayed inactive for four years has started selling, according to on-chain tracker Lookonchain. The wallet recently offloaded 1,400 BTC worth about $111.61 million. The same holder had received 2,200 BTC four years ago at an average price of $45,024, putting the original position at roughly $99.05 million. Lookonchain said the whale did not sell even when unrealized profit had climbed as high as $178 million. The address has now begun reducing its Bitcoin holdings, with cumulative realized profit standing at about $76.5 million based on the monitored activity. The move puts a long-dormant large holder back on the market after years without action.
A dormant Bitcoin whale has begun selling after four years of inactivity, according to on-chain tracker Lookonchain. The wallet recently sold 1,400 BTC worth about $111.61 million.
Lookonchain said the holder had received 2,200 BTC four years ago at an average price of $45,024, giving the position a total value of about $99.05 million at the time.
The whale did not sell when unrealized profit had once reached as much as $178 million. It has now started offloading BTC, with cumulative profit at about $76.5 million.
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