Key Highlights
- A dormant Bitcoin whale moved 300 BTC to Binance, signaling a likely sale after sitting inactive for over a year.
- The whale faces a steep $14.7M unrealized loss, showing how even large investors misjudge market timing.
- Rising whale and miner activity hints at growing sell pressure, increasing the chances of short-term volatility.
Adormant Bitcoin investor has come under the spotlight this week by moving 300 Bitcoin (BTC), worth more than $20 million, to Binance. The wallet has been inactive for a year since buying 513 BTC between January and March 2025.
Usually such large transfers often signal a potential sale. Blockchain analytic platform Lookonchain confirmed the move on X and reported the wallet’s average purchase price was around $97,542, which means the owner faces an unrealized loss of about $14.76 million.
The transfer also highlights a recent surge in whale activity. Arkham Intelligence data shows the same wallet still holds about 200 BTC, worth around $13.75 million. The whale’s intentions are unclear, but such moves often influence short-term price swings. This follows a larger trend of long-dormant wallets becoming active after months or even years of inactivity.
Whale activity surges across crypto markets
In recent months, large Bitcoin holders have been increasingly active. Last month, one whale bought more than 2,656 BTC over eight days using aggressive dollar-cost averaging.
Lookonchain said the same holder also purchased 500.78 BTC, worth about $37.16 million, at roughly $74,200 per coin. Since March 10, the wallet has spent a total of $191.43 million, with an average price of $72,063 per coin.
Other long-dormant wallets are reactivating too, including one that moved 2,100 BTC untouched for 13 years. Another whale sent $33 million worth of BTC to Binance, highlighting growing market activity.
Miners adjust holdings amid market pressures
Even Bitcoin mining firms are adjusting their holdings. Lookonchain reported that the largest public miner MARA moved 250 BTC, worth about $17.37 million. The company had already sold more than 15,000 BTC—totaling roughly $1.1 billion between March 4 and March 25.
Once long-term holders, miners now sell some of their coins to cover operations amid tightening margins. MARA’s updated approach allows them to buy or sell based on liquidity, market conditions, and capital priorities.
Bitcoin slipped 0.9% in the past 24 hours, trading at $69,133 on Tuesday, according to CoinMarketCap data. The cryptocurrency remains 45% below its all-time high of $124,900 in October 2025. Large transfers and whale activity continue to make markets cautious, signaling possible volatility ahead.
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