Ancient BTC Whale Transfers 1,079 BTC to Gemini After 7489% Profit Surge Post $100K Break

On May 9th, COINOTAG reported significant movements in the **Bitcoin** market, spotlighting an ancient whale address that has recently transferred a substantial amount of **BTC**. According to insights from on-chain data analyst Wu Jinyan, this address, which previously withdrew **3,422 BTC** from the now-defunct **BTC-e exchange** at a historical price of $13.50, has strikingly capitalized on market gains over the past 12 years.

The recent transfer of **1,079 BTC** (valued at approximately **$109 million**) to the **Gemini exchange** indicates strategic asset reallocation, signaling a formidable profit margin of 7489x. As of now, the wallet continues to retain **2,343 BTC**, with a total worth of about **$241 million**. This transaction not only underscores the volatility and potential profitability of **cryptocurrencies** but also highlights the keen movements among institutional investors in the current market landscape.