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8-Year Dormant Whale Awakens: 400 BTC Entered, Securing $30.4 Million Profit
【Crypto World】Just saw an interesting on-chain data point—a giant whale account that had been dormant for 8 years suddenly woke up. This whale transferred 400 BTC in one go to a major exchange, with the current value of this transfer approximately $34.92 million. More importantly, this player has realized a floating profit of $30.04 million. It indicates that these coins had been sitting in the wallet appreciating in value until recently when they decided to make a move.
The 8-year dormancy period, during which Bitcoin’s price has risen from then to now, means this veteran player has enjoyed the benefits of long-term holding. Taking some profits now is quite reasonable. Such large transfers are often signals to the market—they can reflect the confidence level of long-term holders and provide some reference for traders. If more whales start similar operations in the future, it could indicate that some important market nodes are forming.