Whale deposited 612 BTC ($57.6M) to Binance after a year of inactivity

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Whale deposited 612 BTC ($57.6M) to Binance after a year of inactivity

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38LMykZPZVxkbwZ3i4f22god9TiCYgZzoy

Binance deposit

Total tokens transferred

612

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Binance deposit

Binance

Jan 09, 16:45

Whale 38LMy just returned after a year of inactivity and deposited 612 BTC ($57.6M) to Binance:

transaction: 5184a3d0be35403bd951dd144821e43a0540daa6285e40dbeb39a4ad37b09c1e
main address: 38LMykZPZVxkbwZ3i4f22god9TiCYgZzoy
Binance's deposit address: 16DPP3CfoefFbKtsZ7kWfryuRc4iLdA24j

Notably, this whale withdrew 650 BTC from Binance at an average price of only $38,331 (estimated cost: $24.92M) on April 11, 2023, and January 14, 2024. If truly selling now at $94,117, the whale would realize an estimated profit of $34.14M (+146%) in nearly 2 years.

Notably, the BTC price slightly rebounded by 2.48% in the past 2.5 hours.

Fig 1. The overall BTC trading history of Whale 38LMy since April 11, 2023.

#btc

#bitcoin

#deposit

#profit

#dormant

#rebound

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Whale 38LMy deposited 612 BTC ($57.6M) to Binance after a year of inactivity

Last synced: Jan 10, 04:00

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