Whale Holding BTC for Three Years Reportedly Sells Off, With an Acquisition Cost of Only About $20,000, Previously Profited Over $15.31 million

BlockBeats News, August 14th, according to ai_9684xtpa monitoring, a BTC whale who has held for about three years is suspected to have started selling. The address bc1q7…jvlgw recharged 158.7 BTC to Coinbase 8 hours ago, worth about $10.01 million. The funds were transferred from the address 3JLdM…jEp9L, which withdrew BTC from Kraken on March 11, 2023, held it long-term since then, and once had a paper gain of over $15.31 million during this bull market.

If all of the 158.7 BTC transferred to Coinbase this time are sold, the whale is expected to realize a profit of about $6.206 million, but compared to the peak paper gain, it has shrunk by over 40%.