Big Bitcoin Seller Emerges After 5-Year Silence

A primary Bitcoin holder has woken up after five years of inactivity, sparking interest in the crypto world. This news comes from @OnchainDataNerd, a data analyst on X (formerly Twitter), who closely monitors cryptocurrency movements.

Back in 2019, this investor made a big move. They bought about 1,000 Bitcoins on Huobi, one of the largest crypto exchanges. Then, they went quiet. For five long years, their Bitcoin stash didn’t move an inch.

But now, things are changing. The investor has started to sell some of their coins. They’ve moved 301 Bitcoins to Binance, another central trading platform. At current prices, these coins are worth a whopping $18.57 million.

If the investor sells all these coins, they stand to make a tidy profit. @OnchainDataNerd calculates they could earn $15.47 million. That’s a big jump from their initial investment.

Source : X Post

Bitcoin Whale Eyes $29.4M Profit After Fed Rate Cut Boost

Let’s break down the numbers. This Bitcoin whale bought 801 BTC five years ago for $8.25 million. Today, they still hold 500 BTC. These remaining coins are now worth $34.58 million. They could pocket about $29.4 million in profit if they decided to sell everything.

This sale comes at an exciting time for Bitcoin. In the past day alone, its price has jumped nearly 5%. This rise follows a big announcement from the U.S. Federal Reserve. They’ve decided to cut interest rates by 50 basis points, often boosting investment in assets like Bitcoin.

The crypto community is watching closely. When big holders, often called “whales,” start moving their coins, it can affect the market. Some worry it might lead to a price drop if too many coins are sold simultaneously. Others see it as a sign of a healthy, active market.

As this story unfolds, many will watch what this long-dormant whale does next. Will they sell more? Will other sleeping giants wake up, too? Only time will tell.

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risk.