Bitcoin News Today: Bitcoin Whale Sells $53.42M in BTC Through Liquidity Providers

A long-dormant Bitcoin whale that acquired 3,962 BTC in January 2011—when the cryptocurrency was valued at $0.375—has recently reactivated its wallet after nearly 14 years of inactivity [1]. According to on-chain data, the wallet has begun liquidating its holdings in small batches. In recent days, the whale transferred 450 BTC, valued at approximately $53.42 million, with 150 BTC of that amount sent to addresses linked to major market makers such as Coinbase, B2C2, and Wintermute [1]. This selling pattern mirrors the approach taken by another large holder who has been offloading 80,000 BTC through liquidity providers rather than directly transferring the coins to exchanges [1].

The whale still holds 3,678 BTC in its wallet, which is currently valued at around $434 million, based on the Bitcoin price of $117,795 at the time of reporting [1]. On-chain tracking platforms such as Arkham allow observers to monitor the addresses where these funds are stored [1]. The move has sparked speculation about the potential impact on Bitcoin’s price, especially as the market has shown little movement in recent trading sessions.

The whale’s decision to begin selling after such a long period raises questions about its motivations. The gradual approach—selling through liquidity providers rather than on public exchanges—suggests an effort to minimize price impact and avoid drawing attention from the broader market. Given the whale’s historical position, the potential for further large-scale sales remains a key concern for market participants [1]. Analysts and traders are closely watching to see if this marks the beginning of a larger liquidation strategy or if it is merely a partial exit from a long-held position.

The sale activity highlights the increasing visibility of on-chain movements in the crypto space. Wallet tracking tools and transparency initiatives have enabled market observers to monitor large holder behavior with greater precision, offering insights into potential market shifts. As the whale continues to act, further on-chain data could provide clues about the trajectory of its remaining Bitcoin holdings and the possible implications for the broader market.

Source: [1] Watch Out: Ancient Bitcoin Whale That Bought Bitcoin at $0.37 Has Woken Up – Sold Some, May Sell the Rest (https://en.bitcoinsistemi.com/watch-out-ancient-bitcoin-whale-that-bought-bitcoin-at-0-37-has-woken-up-sold-some-may-sell-the-rest/)