A $500 million crypto whale has recently started selling Bitcoin, according to data from Arkham. The whale had not touched their BTC since 2020 but transferred $35.5 million worth of Bitcoin to market makers or trading companies in the past week. The whale had collected these Bitcoins at an average price of $39,100 between 2020 and 2024. Interestingly, the whale did not sell during the peak BTC price, which was $886 million on May 21, 2024. So far, the whale has sold $253 million worth of BTC at an average price of $63,970.



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