While Bitcoin, the world's largest cryptocurrency, failed to stay above $ 38,000, the BTC whale, which had been sleeping for about 4 years, woke up.
In his post on the popular platform Lookonchain X account, he said that a Bitcoin whale woke up after being inactive for a long period of 4 years.
Accordingly, the whale transferred approximately 3,623 BTC to other addresses today. At this point, the whale transferred the entire amount of 3,623 BTC ($136.94 million) to 2 new wallets 1 hour ago.
Whale's current profit is around 112 million dollars.
“A whale, which has been inactive for about 4 years, transferred the entire amount of 3,623 BTC ($136.94 million) to 2 new wallets 1 hour ago.
This whale accumulated 3,623 BTC (worth $24.96 million) from October 25, 2018 to December 31, 2019, at an average price of $6,889.
“At current prices, the profit is around $112 million.”
A whale that had been dormant for ~4 years transferred all 3,623 $BTC($136.94M) to 2 new wallets 1 hour ago.
This whale accumulated 3,623 $BTC($24.96M) at ~$6,889 from Oct 25, 2018 to Dec 31, 2019.
At current prices, the profit is ~$112M.https://t.co/QL3fPiV900 pic.twitter.com/wrMe4loIwm
— Lookonchain (@lookonchain) November 30, 2023
Although there are various reasons why a Bitcoin whale that has not traded for years may take action again, it is generally interpreted that taking action after a long time means that it will sell.
However, it seems possible that it is preparing for an action such as reinvestment other than sales.
*This is not investment advice.
