en.bitcoinsistemi.com
A series of noteworthy transactions are taking place in the cryptocurrency markets. An old Bitcoin wallet, which had been inactive for 12 years, transferred 306 $BTC (approximately $35.37 million) today.
This ancient investor purchased the $BTC in question for a total of $23,700 12 years ago, when Bitcoin was just $77. At today's prices, that investment is worth approximately 1,493 times.
However, such profit-taking also creates a sense of caution among investors. Historical data shows that August and September are generally weak months for Bitcoin. In eight of the last 12 years, $BTC prices have fallen during these two months. This suggests a 67% probability of a decline.
Meanwhile, whale activity is also observed on the Ethereum front. A whale named “0xF436” has withdrawn a total of 14,520 $ETH (approximately $53 million) from exchanges in the last nine hours. This purchase follows a massive 38,606 $ETH (approximately $148.44 million) purchase made by the whale for SharpLink Gaming just five days ago.
Another notable move came from a whale with the short address “0xd8d0.” This whale spent a total of 178.36 million USDC in the last five hours, purchasing 893 $BTC ($103.5 million) and 20,000 $ETH ($74.06 million). The transaction was made through Wintermute and Coinbase.
*This is not investment advice.