A big Bitcoin investor, often called a whale, has offered the final of their Bitcoin, making a complete revenue of $51.8 million after holding for over 5 years.
As per the information on Arkham Intelligence, this whale initially purchased 801 Bitcoin in August 2019 at a median worth of $10,297 per BTC, spending $8.25 million in whole.
Through the years, they slowly offered off their Bitcoin. 5 months in the past, this whale had deposited 199 bitcoins priced at $13.55 million for the whole deposit.
On March 6, 2025, at 14:30 UTC, they made their remaining sale, depositing their remaining 301 BTC (price $27.9 million) to Binance. With this remaining transaction, the whale’s whole revenue throughout all gross sales now stands at roughly $51.8 million.
Following the whale’s massive deposit, the Bitcoin market reacted rapidly. Inside half-hour, Bitcoin’s worth dropped by 0.5%, from $92,691 to $92,227.
Buying and selling exercise additionally surged, with Binance reporting a 15% enhance in BTC/USDT buying and selling quantity, as many merchants reacted to the transfer. Different Bitcoin buying and selling pairs, comparable to BTC/ETH and BTC/USDC, additionally noticed a ten% rise in buying and selling exercise.
On-chain knowledge from Glassnode showed an 8% enhance in Bitcoin transaction charges and a 5% rise in lively pockets addresses, indicating heightened market exercise.
Technical indicators recommended potential short-term volatility. On the time of the ultimate sale, Bitcoin’s RSI (Relative Energy Index) was at 68, signaling that the market was barely overbought.
Moreover, the MACD (Shifting Common Convergence Divergence) confirmed a bearish crossover, hinting at doable downward momentum. Bollinger Bands widened, additional confirming elevated worth volatility. Different main exchanges like Coinbase and Kraken additionally reported increased Bitcoin buying and selling volumes.
Additionally Learn: Crypto Price Today (March 6, 2025): Bitcoin Pumps to $92k; SOL, XRP, DOGE Turns Bullish
