Investor Who Bought Bitcoin at a Low Price 13 Years Ago Transfers 500 BTC to Binance! Here Are the Details

Another notable “whale” activity has emerged in the cryptocurrency market. According to onchain analysis, a former investor who bought Bitcoin at a low price approximately 13 years ago is continuing to divest some of their assets. It has been reported that this investor has transferred a portion of their Bitcoin holdings back to the Binance exchange.

This “early whale” first purchased 5,000 BTC approximately 13 years ago at an average price of $332 per BTC. In his latest transaction, the investor transferred 500 BTC to Binance. At current prices, this amount is estimated to be worth approximately $33.28 million.

It is stated that the same whale has been selling gradually since November 2024, sending a total of 4,000 BTC to the exchange. The total value of these transfers is estimated to be approximately $365 million, with an average selling price of $91,258. Thus, it is calculated that the investor has made a total profit of approximately $363 million.

According to the data, the address in question still holds 1,000 BTC. The current market value of this amount is approximately $66.62 million.

Experts note that such large-scale transfers can create selling pressure on the market, but also reflect the tendency of long-term investors to take profits. Whale movements continue to be closely monitored by investors, especially in terms of market direction.

*This is not investment advice.

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