A long-term Bitcoin holder, commonly referred to as an ‘ancient whale,’ has executed a major divestment by selling 68,000 BTC from their holdings. The transaction reduces their initial 80,000 BTC position by approximately 85%, marking one of the largest recent disposals by an early adopter.
Despite this significant reduction, the whale maintains a substantial stake of roughly 12,000 BTC, currently valued at approximately $1.38 billion. The retention of such a sizable position suggests a strategic approach to profit-taking rather than a complete exit from Bitcoin.
Market analysts interpret this movement as indicative of measured portfolio reallocation by sophisticated holders. The whale’s decision to retain over $1 billion in Bitcoin underscores continued confidence in the asset’s long-term value proposition despite reducing overall exposure.