The owner of the accumulated 5 thousand in 2013 $BTC sold part of his coins worth nearly $72 million. Such 'whales' currently provide a flow of the first cryptocurrency to exchanges.
About 13 years ago, in November 2013, 5000 BTC were accumulated at the address 'whale', purchased at $332, and he began selling them 11 years later, in November 2024, on-chain analysts EmberCN reported. They noted that on the night of March 19, he sold 1000 bitcoins for $71.6 million.
In total, he has already transferred 3,500 BTC to the Binance exchange at an average price of around $94,786 and made a profit of $330 million, EmberCN calculated. As of 12:00 MSK, the 'whale' address still holds 1,500 BTC (total value $105 million), according to Arkham.
Another 'whale' – one of the first investors in bitcoin, Owen Gundon – also sold 650 BTC worth about $46.3 million, analysts from Lookonchain reported on Thursday. Previously, Gundon had already sold 11,000 bitcoins for $1.12 billion.
This activity reflects a broader trend: large holders of bitcoins are selling them on the market. According to CryptoQuant, the “whale ratio” on exchanges has been noticeably rising since February.
On March 14, it reached 0.83, meaning that the top 10 largest bitcoin holders accounted for 83% of the total influx of coins to exchanges. This is one of the highest figures since July 2024. On March 19, the figure is 0.66, indicating that large participants are making the majority of deposits to exchanges.