An unknown whale transferred Bitcoin worth approximately $535 million from a personal wallet to Binance after five and a half years of inactivity.
It's one of those cases when even the richest people can feel envy.
Blockchain data indicated that mysterious whale has made around $505 million in profit on the initial investment of 8,000 BTC. At the time of purchase BTC price was around $3,800. It is next to $69,500 at the time of writing.
Here's how it happened. The whale purchased 8,000 BTC for just over $30 million in December 2018. Since then the wallet stayed untouched. Until yesterday.
The story is quite outstanding as the overall trend on the market is floating the opposite direction.
Analysts note that most of the whales - those guys, who have accumulated more that 1,000 in their wallets - are not moving their holdings to the exchanges even despite BTC price stalled.
Most whales are not moving their coins to exchanges - which could be seen as a sign of bearish sentiment. Instead, they likely expect prices to spike higher in the coming days and weeks.
This means that whales are bullish. Short-term price movements can't change their minds.
Of course, the bulls might be wrong. And their expectations of the moonshot are never to be realized.
At least this specific whale suddenly decide to call it quits after 5 years of waiting.