The Bitcoin resurgence saw whales take profit, with the asset’s accumulation ramping up following higher price expectations.

A Bitcoin whale who has been dormant for over one year has sold his stash at a 230% profit. Data from Lookonchain shows that the whale moved 203 BTC to Binance late Friday, cashing out $12.18 million.

The whale acquired his stash for $5.29 million over four transactions and shared it among seven wallets, data confirms. Notably, he bought his bags between March 10 and August 7, 2023, at an average price of $26,047. He had held onto the tokens despite the initial pre-bull run rally above $73K.

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