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- After 1.5 years, a Bitcoin whale moved $87M in BTC, signaling possible strategic repositioning or market anticipation.
- The investor realized a 219% gain, depositing 300 BTC to FalconX while redistributing holdings across multiple wallets.
- Strong outflows since mid-December indicate accumulation, reinforcing Bitcoin’s resilience above $80K despite ongoing volatility.
A Bitcoin whale has retrieved its assets from long-term idle status in the market after 1.5 years. The investor who purchased 1500 BTC in August 2023 deposited 300 BTC worth $25.1 million to FalconX which serves as a prominent trading platform for institutions. Bitcoin reached around $83,707 when the holder transferred their coins which suggests they may have taken profits from their investment.
On August 18th of 2023 the whale obtained 1,500 BTC from Cumberland at an exchange rate of $26,353 that amounted to a total investment expense of $39.5 million. During that transaction the entire investment reached approximately $39.5 million. Since its purchase in 2023 Bitcoin’s price has increased substantially so the whale now has realized $85.7 million worth of profit from their initial investment of $39.5 million.
Whale Moves $87M in BTC—Strategic Shift or Market Signal?
Along with the deposit to FalconX, the investor has redistributed holdings across multiple wallets. A substantial portion, 1,050 BTC valued at $87.2 million, has been moved to two newly created wallets. Meanwhile, 150 BTC, worth approximately $12.5 million, remains in the original wallet. This distribution suggests a strategic approach to asset management, possibly aimed at diversification or liquidity access.
A whale with $85.7M in BTC profits deposited 300 $BTC ($25.1M) to #FalconX ~3 hours ago, after 1.5 years of dormancy.
— Spot On Chain (@spotonchain) March 17, 2025
On Aug 18, 2023, the whale accumulated 1,500 $BTC from #Cumberland, at $26,353 (~$39.5M).
Now, the whale is moving:
• 300 $BTC ($25.1M) → FalconX at ~$83,707… pic.twitter.com/pUcxAb0omx
Market participants are watching this significant transaction movement because whale actions typically indicate strategic market pivots or future market dynamics. The deposit of funds with FalconX serves as evidence of potential institutional interests in OTC markets and other liquidity-based strategies. The stability maintained above $80,000 shows robust market endurance during short-term market fluctuations.
Bitcoin Flows Signal Market Shifts Amid $80K Hold
The BTC Spot Inflow/Outflow shows that from May to mid-July, net outflows dominated, aligning with BTC’s price struggling below $70,000. This trend shifted in late July, with some substantial inflows appearing, coinciding with BTC’s price recovery.
During late October 2021 institutional investors and macroeconomic factors combined to create the most substantial inflow activities. Since December the market showed significant outflows with a notable peak during February despite BTC maintaining prices above $80,000.
Notably, BTC’s price fluctuations appear to correspond closely with these movements. The market global uncertainty in early January led to a price spike toward $100,000 as it witnessed equal inflows and outflows.