On October 10, COINOTAG highlighted significant activity involving a 2009 Bitcoin whale who executed a sale of approximately $4.8 million in Bitcoin holdings. Notably, this particular whale began its involvement in the Bitcoin ecosystem just five days post the initial block creation. This entity, known for its substantial market influence, recently initiated a transfer of $624,000 to the exchange Kraken. Presently, the whale’s portfolio is estimated to be valued at $70.4 million, with a consistent selling pattern that entails transferring 10 Bitcoins bi-weekly. If this trend continues, the whale is projected to finalize its holdings by mid-November 2025, contributing to ongoing market dynamics and liquidity. Such movements not only impact market sentiments but also underscore the importance of monitoring whale activities within the crypto market.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-sells-4-8-million-in-holdings-insights-on-2009-miners-ongoing-transactions/