Such movements have also become more frequent recently. Long-dormant bitcoin wallets have reactivated, often moving coins to exchanges as early holders lock in gains after years of inactivity.
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Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits
By Naga Avan-Nomayo
Exchanges•March 27, 2026, 10:55
Early bitcoin whale sends another $33 million to Binance, extending long-running exchange deposits
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An early Bitcoin holder has moved another 500 BTC, worth roughly $33 million, to Binance, continuing a months-long deposit streak.
Around 4,000 BTC have now been moved to the exchange, implying an average selling price above $91,000 and about $363 million in possible profit.
An early bitcoin holder
$BTC -4.19% has moved another 500 BTC, worth about $33 million at the time of the transaction, to Binance, continuing what seems like a steady unwind of coins accumulated more than a decade ago.
Last week, the same address sent 5,000 BTC to exchanges, as The Block reported. Trackers show the unknown holder has been gradually distributing holdings into exchange liquidity over recent months.
Onchain data tracked by Arkham Intelligence — which first acquired 5,000 BTC in November 2013, according to blockchain analysts EmberCN — has now transferred around 4,000 BTC to Binance since late 2024.
The wallet now holds about 1,000
$BTC BTC, valued near $66 million at current prices.
While it’s unconfirmed that the deposits were intended for sales, the deposit patterns usually point to a holder offloading assets via crypto exchanges.
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