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After 3 years of dormancy, a certain whale address transferred 3500 BTC, realizing a profit of $305 million.

By: theblockbeats.news|2025/08/23 04:12:14

BlockBeats News, August 23rd, according to LookIntoChain monitoring, a whale address, after being dormant for 3 years, moved 3,500 BTC (about $408 million) to a new address 10 hours ago.

Three years ago, this address withdrew 3,500 BTC from Gemini (approximately $103 million at the time), with an average withdrawal price of $29,620, resulting in a profit of $305 million (+294%).

「Bitcoin Ancient Whale」 sold another 300 BTC to increase their ETH position 1 hour ago

Yesterday, the U.S. Bitcoin Spot ETF saw a net outflow of $23.2 million, while the BlackRock IBIT had a net outflow of $198.8 million.