Dormant Bitcoin Whale Makes $25M Profit After 3 Years
A Bitcoin whale awakens after 3 years to sell 200 BTC, securing over $25M in profit from a strategic $BTC investment.
- Whale sells 200 BTC worth $18.35M after 3 years.
- Original BTC stash withdrawn from OKX in April 2023.
- Total profit exceeds $25M, a 223% gain.
A long-dormant Bitcoin whale has just made headlines by selling 200 BTC, worth approximately $18.35 million. The whale, identified as address 1CA98y, had been inactive for nearly three years before this sudden move. The sale marks a significant return, highlighting the power of patience in crypto investing.
The Bitcoin whale originally withdrew 400 BTC from the crypto exchange OKX on April 1, 2023, when the price of Bitcoin was around $28,432. At that time, the total value of the withdrawal stood at $11.37 million.
Profits Soar with Strategic Patience
Fast forward to now, and this whale has already offloaded half of the holdings for over $18M — a stunning 223% profit. That means the profit alone stands at more than $25 million, assuming the remaining 200 BTC are still held or sold at similar market prices.
The move underscores how some early investors or long-term holders in the crypto space can significantly outperform the market by staying patient during volatility and downturns.
Whale Movements and Market Sentiment
Whale activities often influence market sentiment and are closely watched by traders and analysts. Such a large sell-off can create temporary price pressure, but it also reflects confidence in taking profits after a major price rally.
While many retail traders chase short-term trends, this Bitcoin whale’s move serves as a reminder of the benefits of long-term holding and strategic exits.
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