A dormant Bitcoin whale surprises Binance with a massive BTC sell đ±đ„đ„ââ #BinanceTurns7
According to the analytics account @OnchainDataNerd on the social media platform X (formerly known as Twitter), a large Bitcoin sell was recently carried out by a formerly active crypto whale.đ„đ„
Last activity of the crypto whale đ±đ„đ„
The aforementioned account stated that the last activity of this whale was five years ago, when he bought just under 1,000 Bitcoin on one of the largest global exchanges, Huobi. Now, this whale has started selling those Bitcoins on the Binance exchange.
Selling on Binance đ±đ„đ„
@OnchainDataNerd tweeted that this whale transferred 301 Bitcoin to Binance. This amount of Bitcoin is worth approximately $18.57 million. đ„đ„
If these Bitcoins are sold, the whale will make a realized profit of $15.47 million, according to the shared data. Five years ago, this cryptocurrency investor bought 801 Bitcoins on Huobi, paying $8.25 million. Currently, this whale still holds 500 Bitcoins worth $34.58 million, with an unrealized profit of approximately $29.4 million.
In the past 24 hours, Bitcoin has seen a price increase of about 5%, which came after the US Federal Reserve announced a massive 50 basis point interest rate cut. $BTC đ„đ
