Wallet bc1q8w has accumulated another 300 BTC, worth roughly $23 million at current prices, ending a two-year period of inactivity. The same address originally withdrew 322.57 BTC from Binance in 2021 at an average price of around $28,179 per coin.
The re-entry at roughly $76,800 — nearly 2.7× the original cost basis — signals the holder is adding conviction rather than taking profit. Dormant whale wallets resuming accumulation after multi-year gaps are closely watched as a long-term sentiment indicator, suggesting this participant sees further upside ahead.
Frequently asked questions
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What does the re-entry of this whale indicate about market sentiment?
The whale's re-entry suggests a bullish sentiment, as they are accumulating more BTC after a long period of inactivity, indicating confidence in future price increases.
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How does the current price compare to the whale's original purchase price?
The current price of $76,800 is nearly 2.7 times higher than the whale's original purchase price of $28,179.
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