On-chain data shows that a Bitcoin whale address, silent since around 2021, has recently deposited 602.26 BTC to Binance. This address remained completely inactive for more than five years, during which Bitcoin's price experienced substantial growth, resulting in an estimated unrealized profit of $30.66 million at current market valuations.
The transfer marks the first on-chain movement from this address in years. The deposited amount is now worth tens of millions of dollars. While the transaction does not explicitly signal an intent to sell, large inflows to centralized exchanges are often interpreted as a potential precursor to selling pressure. The sudden activity from this long-dormant whale has drawn attention from the crypto community and on-chain analysts.