CandleFocus Dormant Bitcoin Whale Stuns Binance With Massive BTC Sale
2024-09-19
Author: Content Editor
A dormant crypto whale, who had been inactive for the past five years, recently initiated a large Bitcoin sale. The whale had previously bought 1,000 BTC on Huobi and is now selling them on Binance. The whale moved 301 BTC to the trading platform, which is worth approximately $18.57 million. If the Bitcoin is sold, the whale will make a realized profit of $15.47 million. Additionally, the whale still holds 500 BTC, worth $34.58 million, with an unrealized profit of $29.4 million. The price of Bitcoin has increased by nearly 5% in the past 24 hours, following the announcement of a dovish pivot by the U.S. Federal Reserve.
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