Bitcoin Whale Sells 400 BTC on Binance, Securing $92 Million Profit After Massive Accumulation

Mars Finance News reports that a significant BTC whale, identified through on-chain analysis by Yu Jin, has initiated profit-taking after amassing 1,500 BTC between 2023 and 2024. Within the last six hours, this investor moved 400 BTC, valued at approximately $47.11 million, to Binance, signaling a partial liquidation of holdings. The whale’s average acquisition cost stood near $56,418 per BTC, resulting in realized gains exceeding $92 million, reflecting a 108% return on investment. Despite this sell-off, the entity retains a substantial position of 1,100 BTC, currently worth around $128 million. This activity underscores the ongoing strategic asset management by large holders amid fluctuating market conditions, highlighting the importance of monitoring whale movements for market sentiment insights and potential price impact.

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