Bitcoin Whale Surfaces with $53.6 Million Profit After 10 Years

TLDR

• A Bitcoin whale, inactive since 2012, has moved 479 BTC worth $53.6 million.
• The Bitcoin wallet’s value has surged by 933.853% since its last transaction in 2012.
• Two small test transactions of Bitcoin were made to different anonymous wallets.
• Bitcoin’s current price stands at $110,480 per coin, showing a slight decline.
• Bitcoin ETFs saw significant inflows, totaling $328.94 million, while Ethereum ETFs experienced major outflows.

A Bitcoin whale, once dormant for over a decade, has emerged with significant movements. The wallet, which last transacted in 2012, contains 479 Bitcoins worth over $53.6 million at today’s market price. Whale Alert, known for tracking large cryptocurrency transfers, spotted the transaction on its platform just hours ago.

Bitcoin Whale Moves $53.6 Million in BTC

The wallet, which had been inactive since 2012, holds 479 Bitcoin, valued at $53,683,598. In 2012, the same amount of Bitcoin was worth only $5,748. The surge of 933.853% highlights Bitcoin’s impressive growth over the past 13 years.

The wallet has now initiated two small transactions. It moved 0.24998803 BTC to one address and 0.00039728 BTC to another. Both transfers were to different anonymous wallets, possibly as trial runs before further action.

Currently, Bitcoin price trades at $110,480 per coin, showing a 1.85% decline from its recent peak. This drop follows a period of volatility, where Bitcoin had previously reached $112,550. These fluctuations make the return of such a significant Bitcoin whale even more notable.

Whale’s Return Coincides with Bitcoin ETF Inflows

On September 3, Bitcoin exchange-traded funds (ETFs) saw substantial inflows, highlighting growing interest in the asset. Bitcoin ETFs accumulated $328.94 million, translating to 2,933 BTC. Among the largest investors were Fidelity and BlackRock, each adding significant amounts to their holdings.

While Bitcoin ETFs flourished, Ethereum ETFs faced significant outflows, totaling $222.49 million. The Fidelity Ethereum ETF saw the largest loss, shedding 23,365 ETH, or $104.33 million. This shift in investor behavior underscores Bitcoin’s growing dominance in the current market.

The return of this Bitcoin whale, coupled with the ETF trends, signals strong investor interest in Bitcoin. It also raises questions about the possible future movements of this significant holder.

The post Bitcoin Whale Surfaces with $53.6 Million Profit After 10 Years appeared first on CoinCentral.