A major investor, dubbed a whale, has sold the last of their Bitcoin, recording a $51.8 million profit after holding for over five years.
Bitcoin Purchase and Sale
According to data from Arkham Intelligence, the whale bought 801 Bitcoin in August 2019 at an average price of $10,297 per BTC, spending a total of $8.25 million. Over the years, they gradually sold their assets. The final transaction occurred on March 6, 2025, when 301 BTC were sold for $27.9 million on Binance, resulting in a total profit of $51.8 million.
Market Reaction to Major Trade
Following the large Bitcoin deposit, the market reacted swiftly: within 30 minutes, Bitcoin's price dropped by 0.5%, from $92,691 to $92,227. Trading activity surged, with Binance reporting a 15% increase in BTC/USDT trading volume, and other pairs like BTC/ETH and BTC/USDC showing a 10% rise in trading activity. Glassnode data indicated an 8% increase in transaction fees and a 5% rise in active wallet addresses.
Technical Analysis and Forecasts
Technical indicators suggest potential short-term volatility. At the time of the final sale, Bitcoin's RSI was at 68, signaling slight overbought conditions. The MACD indicated a bearish crossover, hinting at possible downward momentum. Bollinger Bands widened, further confirming increased price volatility.
The Bitcoin market reacts to major whale trades, illustrating significant impact on volatility and trading activity. Investors should remain vigilant during such events, considering potential short-term changes.
