Crypto Whale Nets $51.8M Profit After 5-Year Bitcoin Hold

A ample Bitcoin investor, known arsenic a whale, has sold the past of their Bitcoin, making a full nett of $51.8 cardinal aft holding for implicit 5 years.

As per the information connected Arkham Intelligence, this whale primitively bought 801 Bitcoin successful August 2019 astatine an mean terms of $10,297 per BTC, spending $8.25 cardinal successful total.

Whale bought BTC, Source: Arkham

Over the years, they dilatory sold disconnected their Bitcoin. Five months ago, this whale had deposited 199 bitcoins priced astatine $13.55 cardinal for the full deposit. 

On March 6, 2025, astatine 14:30 UTC, they made their last sale, depositing their remaining 301 BTC (worth $27.9 million) to Binance. With this last transaction, the whale’s full nett crossed each income present stands astatine astir $51.8 million.

Whale sold BTC, Source: Arkham

Following the whale’s ample deposit, the Bitcoin marketplace reacted quickly. Within 30 minutes, Bitcoin’s terms dropped by 0.5%, from $92,691 to $92,227.

Trading enactment besides surged, with Binance reporting a 15% summation successful BTC/USDT trading volume, arsenic galore traders reacted to the move. Other Bitcoin trading pairs, specified arsenic BTC/ETH and BTC/USDC, besides saw a 10% emergence successful trading activity.

On-chain information from Glassnode showed an 8% summation successful Bitcoin transaction fees and a 5% rise successful progressive wallet addresses, indicating heightened marketplace activity.

Technical indicators suggested imaginable short-term volatility. At the clip of the last sale, Bitcoin’s RSI (Relative Strength Index) was astatine 68, signaling that the marketplace was somewhat overbought.

Additionally, the MACD (Moving Average Convergence Divergence) showed a bearish crossover, hinting astatine imaginable downward momentum. Bollinger Bands widened, further confirming accrued terms volatility. Other large exchanges similar Coinbase and Kraken besides reported higher Bitcoin trading volumes.

Also Read: Crypto Price Today (March 6, 2025): Bitcoin Pumps to $92k; SOL, XRP, DOGE Turns Bullish