The Bitcoin whale that has been dormant for ten years makes a move: cashing out $500 million in five months, still holding 2,500 coins waiting to sell?

【Crypto World】A major news story has exploded on the chain — a Bitcoin whale that has been dormant for over ten years suddenly awakens.

This player had accumulated 5,000 Bitcoins back in 2012, when the cost was ridiculously low, at only $332 per coin. He had been inactive all these years until recently when he started making big moves.

Recently, this whale sold 2,500 BTC in one go, with an average price of $106,164 per coin, directly earning $265 million. More importantly, he transferred 500 coins to Binance, prompting many to speculate — are more sell orders coming?

In five months, with ten orderly transactions, this guy has been quite steady, cashing out over $500 million in total. Now, his wallet still holds 2,500 Bitcoins, worth about $237.5 million. Such a large holding, even a casual sell could shake the market, no wonder many traders are watching every move of this wallet.

The question is: will this whale continue to dump? Or is he already satisfied and planning to hold the remaining chips long-term? The market is waiting for an answer.