Bitcoin Whale Deposits 300 BTC Worth $25.1M After 1.5 Years of Dormancy

On March 17th, COINOTAG reported a significant transaction involving a dormant whale wallet that had previously remained inactive for 1.5 years. This address recently came back to life as it deposited 300 BTC, valued at approximately $25.1 million, into FalconX. Notably, this wallet has achieved an impressive unrealized gain of $85.7 million, showcasing the potential profitability of HODLing in the current crypto market.

Back in August 2023, this whale made a strategic acquisition of 1,500 BTC for about $39.5 million at a price point of $26,353 per coin from Cumberland. Such movements are indicative of the broader liquidity trends and can act as a bellwether for market sentiment. Investors and analysts are closely monitoring these developments to gauge future market fluctuations and opportunities.