Ancient Bitcoin whale that accumulated in November 2013 deposited 1K BTC ($65.56M) to Binance after 4 months of dormancy, suggesting intent to sell.
Macro & Markets ·
A Bitcoin whale that accumulated holdings in November 2013 has broken a four-month period of inactivity by transferring 1,000 BTC to Binance, with the transfer valued at $65.56M. The movement follows a pattern of selling activity spanning the past year from this long-dormant address.
The deposit to Binance, a major exchange, typically signals preparation for a sale. The timing of the transfer—after months with no blockchain activity—marks a notable shift in the whale's behavior and may indicate renewed intent to liquidate a portion of holdings accumulated over a decade ago.
It remains unclear whether the whale plans to sell the entire deposited amount immediately, execute sales gradually, or if market conditions or other factors triggered the recent resumption of activity after the extended dormancy period.