Bitcoin Whale Sells 199 BTC Acquired Five Years Ago

An anonymous user has sold 199 BTC for $13.55 million, which were acquired approximately five years ago. Analysts at Loookonchain highlighted this transaction.

A diamond hand sold 199 $BTC($13.55M) for profit again 1 hour ago.

This guy withdrew 801 $BTC($8.25M) at $10,297 from #HTX 5 years ago and sold 500 $BTC($32.13M) in the past month.

He currently holds 301 $BTC($20.42M), with a total profit of $44.28M!

Address:… pic.twitter.com/DyXhf7BN1x

— Lookonchain (@lookonchain) October 18, 2024

According to experts, five years ago, the bitcoin whale withdrew 801 BTC (then valued at $8.25 million at an average price of $10,297) from the cryptocurrency exchange HTX.

Over the past month, he has sold 500 BTC for a total of approximately $32.13 million. The user’s wallet still holds 301 BTC (~$20.42 million).

Thus, his profit over five years amounted to $44.28 million, specialists noted.

In October, an unknown user, who had held more than $72.5 million in digital gold since 2009, transferred bitcoins worth $3.58 million to the cryptocurrency exchange Kraken.

In September, a miner from the Satoshi Nakamoto era moved 250 BTC worth $16 million after 15 years. In the same month, a wallet inactive for over 10 years transferred 35 BTC worth $2 million.

In August, analysts recorded whale transactions of 174 BTC and 190 BTC. Both addresses had been inactive for over 10 years.