An on-chain address that had been dormant for five years suddenly transferred 602.26 Bitcoin, currently valued at approximately $37.81 million, to the Binance exchange, according to monitoring by Onchain Lens. The transaction realized a profit of about $30.66 million, marking the first on-chain activity from the address since it went silent half a decade ago.
The large-scale deposit has drawn market attention, as long-dormant addresses moving assets to exchanges are often seen as a signal that the holder intends to take profits at current price levels. Such whale movements are closely watched by traders for potential selling pressure.
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