A significant Bitcoin holder, often referred to as a ‘whale’, has realized substantial profits by selling a portion of their holdings on the Binance exchange.
The whale offloaded 400 BTC, worth approximately $47.11 million, within a six-hour period. This sale was executed at levels significantly above the whale’s original purchase price.
Analysis shows the whale accumulated their position at an average cost of around $56,418 per Bitcoin. The sale of 400 BTC at current market prices has secured an estimated profit of $92 million, representing a return on investment (ROI) of 108%.
Despite the significant sell-off, the whale retains a substantial Bitcoin position. They continue to hold 1,100 BTC, which is valued at approximately $128 million based on prevailing market rates.
Records indicate this whale initially purchased a total of 1,500 BTC during an accumulation phase spanning 2023 and 2024. The recent transaction represents a partial liquidation of this position.