- Dormant Bitcoin whale sells 300 BTC for $31M after 11 years, reflecting market strength and liquidity impacts.
- Whale inflows to Binance decline as retail activity rises, signaling redistribution and changing market dynamics.
- Accumulation trends hit 0.976, showing confidence among large holders despite profit-taking and recent whale movements.
One of the longest-slumbering Bitcoin whales awakened their wallet from an 11-year slumber, transferring 300 BTC valued at over $31 million. The move underscores ongoing discussion around liquidity impacts, institutional sentiment, and long-term holding approaches.
Whale Moves 300 BTC, Nets $31 Million
The whale initially acquired the 300 BTC in 2013 for approximately $134,000 and sold it this week for $31.1 million. The two transactions, separated by over a decade, came from the same address, confirming the coins were held untouched since the early Bitcoin era. The reactivation indicates deliberate timing, possibly triggered by current market strength and macroeconomic factors.
The inflow and outflow summary reveals a 300.001 BTC transfer occurring 20 minutes before the post, moving funds from legacy address 1D7uL27j… to a new bc1q address. Such significant movements often impact exchange liquidity and signal psychological cues to other traders, particularly when long-term holders liquidate. Large-scale transactions like this have historically preceded short-term volatility and longer-term recalibration of market expectations.
Institutional Activity and Strategic Exposure
The whale’s sell-off also coincides with broader trends in exchange inflows and strategic positioning among large holders. Whale inflows to Binance have steadily declined since peaking in November 2024, even as BTC hit all-time highs above $100,000. This signals institutional caution or long-term rotation rather than panic or capitulation.
Simultaneously, rising retail inflows during the same period indicate increased public participation while major entities scale back exchange interaction. This divergence in activity points to a gradual redistribution of assets from long-term accumulators to newer participants, affecting both order book depth and perceived price floors. Market makers and arbitrage desks are closely watching these patterns to recalibrate algorithms and spreads.
Accumulation Trends Show Confidence at Current Levels
Accumulation data from Ali Charts shows high confidence among large holders, with trend scores nearing maximum values as Bitcoin trades above $100,000. Since early April, accumulation scores have risen sharply, reaching 0.976876 by May 13, indicating sustained institutional or whale confidence despite recent profit-taking. These scores track address behavior and help estimate long-term buying intensity.
TradingView data further supports this view, showing Bitcoin maintaining strong support near $100,000 even amid moderate corrections. On May 14, Bitcoin closed at $103,058.86, with daily volume hitting 12.56K BTC. Resistance remains near $108,000, while market resilience indicates demand absorption following high-profile whale exits.
