【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.
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fomo_fighter
· 8h ago
Haven't moved in 8 years, and suddenly dumps 400 BTC in one go. This guy really has guts. I need to ask, is he truly bearish now or just looking to lock in profits?
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BankruptWorker
· 19h ago
Damn, this guy hasn't moved in 8 years, truly legendary. Made 30 million just by sitting and earning... Why don't I have this patience?
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faded_wojak.eth
· 19h ago
The coin that hasn't moved in 8 years is now being sold, and this guy is making a killing... 30 million in profit taking off directly.
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WhaleWatcher
· 19h ago
It takes 8 years to move once, this old guy's holding mentality is incredible. I calculated the profit from this wave, and wow, it's a blood profit...
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A whale sells 400 at a time, what is this telling us? Feels like the market is brewing some big event.
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$30.04 million floating profit... Honestly, I feel a bit envious, but I'm worried that more whales might follow suit and dump.
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Awakened suddenly after sleeping for 8 years, isn't that a signal? I quickly checked the holdings, feels like there's a change coming.
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Only pocketed $30.04 million, this guy is really steady. If it were me, I’d have already just bought a Lamborghini.
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Such large transfers are indeed likely to trigger subsequent actions. Now we just wait to see if there will be a chain reaction.
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8 years, holding a coin worth a few thousand dollars until now... I can't learn this mentality, I admire it.
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Alright, whales are starting to harvest. Retail investors should consider the risks, or what else can we do?
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Transferring to an exchange means wanting to sell? Or is cashing out just a whim... It's a bit complicated.
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Is it possible? The market cycle is forming, but this judgment might be a bit too optimistic.
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.