A long-dormant Bitcoin whale has deposited 300 BTC, worth approximately $23.4 million, into Binance after two years of inactivity.
The coins were originally withdrawn from Bitfinex three years ago at an average price of $19,329 per BTC. With Bitcoin trading significantly higher today, the wallet is sitting on an unrealised-to-realised gain of roughly $17.6 million.
The move to an exchange is widely read as a precursor to a potential sale, making it a closely watched signal for near-term price action. Whether the whale liquidates or simply repositions remains to be seen.
Original content
A whale deposited 300 $BTC($23.4M) into #Binance after being inactive for 2 years.
These 300 $BTC were withdrawn from #Bitfinex 3 years ago when the price of $BTC was $19,329, and the whale is now sitting on a profit of $17.6M.
https://t.co/7KesheKVpB
https://t.co/e4mTk66Er3
https://t.co/56mBkSZhgM
Whale Alert