Dormant Bitcoin Whale Resurfaces With $26M Buy
A long-dormant Bitcoin whale reactivates, buying 250 BTC and sitting on $39M in unrealized profits.
- Whale buys 250 BTC worth $26.37M after 2-year silence
- Initial 500 BTC withdrawn at $27.4K now shows $39M profit
- Whale’s timing hints at bullish outlook on Bitcoin
Whale Makes Massive Move After 2 Years
A notable Bitcoin whale has resurfaced after two years of inactivity, surprising the crypto community with a hefty 250 BTC purchase valued at approximately $26.37 million. This significant accumulation occurred just nine hours ago, signaling renewed confidence—or strategic positioning—in the current market cycle.
Whale movements are often viewed as market indicators, especially when tied to such long dormant periods. This latest transaction may hint at expectations of a continued Bitcoin rally, particularly as institutional interest and ETF flows increase.
Big Profits From Earlier Bet on BTC
Two years ago, this same wallet withdrew 500 BTC from Gemini, when Bitcoin was priced at around $27,401. That stash, originally worth $13.7 million, has appreciated substantially and is now sitting on an unrealized profit of around $39 million.
Such gains underscore the long-term strength of Bitcoin as a store of value. While many investors panic during downturns, this whale’s strategy of accumulation and patience is paying off impressively.
Whale Moves and Market Sentiment
The recent purchase brings the wallet’s total holdings to 750 BTC. Whale actions like this often spark speculation and analysis in crypto circles. Is the whale preparing for a larger price breakout? Or simply diversifying in advance of further institutional moves?
Regardless, such activity tends to influence retail sentiment and can serve as a confidence boost for long-term holders. In times of uncertainty, following smart money often gives insights into the broader market direction.
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