Crypto Whale Nets $180M After 14 Years of BTC HODLing

In crypto trading, timing and strategy are essential, but patience, often called “HODLing,” can be the most powerful tool. Recently, a Satoshi-era Bitcoin whale showed the impact of holding over a decade, transforming a modest BTC stash into a $180M fortune as Bitcoin reaches near-record highs.

Dormant Whale Deposits $180M in Bitcoin

With the Bitcoin market heating up, excitement has spread through the crypto space, fueling high levels of optimism. The recent Bitcoin rally, coinciding with Donald Trump’s return to office, has drawn out several long-inactive Bitcoin whales, keen to capitalize on the price surge. Among them, one particular whale, holding BTC from 14 years ago, surfaced with an impressive $180M in Bitcoin.
Spot On Chain, a trusted analytics platform, recently reported activity from a wallet dating back to Bitcoin’s early days, containing 2000 BTC. The whale mined these tokens when the price was negligible and block rewards were as high as 50 BTC, contrasting with today’s 3.125 BTC reward. The whale garnered attention after depositing substantial amounts of BTC to major exchanges like Coinbase, Bitstamp, and BitFlyer.

According to Spot On Chain, the whale transferred 1,038.87 BTC (worth around $92.93M) to Coinbase, 591.46 BTC ($52M) to BitFlyer, and 369.66 BTC ($33.04M) to Bitstamp, marking a significant move to cash in on Bitcoin’s latest rally. Notably, other crypto whales have also become active. For instance, another whale recently sold 850,000 WIF tokens, making a $7.5 million profit.

Bitcoin Poised for a New All-Time High

Since November 6, 2024, Bitcoin has sustained a powerful uptrend, continually achieving new highs and delivering substantial returns for holders. After peaking at $93,434.36, Bitcoin appears poised for further growth.
As demand rises and bullish sentiment intensifies, many analysts forecast that Bitcoin could surpass the $100,000 milestone before November ends. Currently priced at $91,246.67 after a 3.4% increase in the past 24 hours, Bitcoin’s upward momentum is drawing back dormant whales and long-term investors eager to capitalize on this profitable phase.

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