Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits
The Block
An early Bitcoin holder moved another $33 million worth of BTC to Binance, continuing recent distributions of old coins.Summary
An early Bitcoin holder, whose address acquired 5,000 BTC in November 2013, has transferred another 500 BTC, valued around $33 million, to the Binance exchange. This follows a larger transfer of 5,000 BTC last week and is part of a gradual distribution of holdings that began in late 2024. The wallet now retains about 1,000 BTC. While not confirmed as sales, such deposits typically indicate an intention to offload assets, potentially adding to recent sell pressure on Bitcoin and Ether. This pattern aligns with a broader trend of long-dormant wallets reactivating to realize gains.
(Source：The Block)