Whale Sells 1,485 BTC for $138M Profit 50.13%

A significant transaction involving a large amount of Bitcoin (BTC) has recently occurred, as reported by on-chain data analyst Wu Jinyan. Approximately 30 minutes ago, a whale or institutional address transferred 1,485 BTC, valued at around $138 million, to the cryptocurrency exchange Binance. This transaction resulted in a substantial profit of $50.13 million for the holder, who had been holding the BTC for a period of 11 months.

Over the past 11 months, the address in question has withdrawn a total of 5,700 BTC from Binance. The average price at which these withdrawals were made was $80,449 per BTC. Notably, the address began transferring BTC back to Binance for sale approximately two months ago. The most recent transfer of 1,485 BTC marks the final transaction in this series of sales. The overall average price at which BTC was transferred to Binance for sale was $89,244, indicating a total profit of $50.13 million on the 5,700 BTC.

This transaction highlights the strategic timing and significant gains that can be achieved through long-term holding and strategic selling of cryptocurrencies. The address's decision to gradually transfer BTC to Binance over the past two months suggests a deliberate approach to maximizing profits while managing risk. The substantial profit of $50.13 million underscores the potential for significant returns in the cryptocurrency market, particularly for those who can accurately time their sales and purchases.