A Bitcoin whale cashed out $51.8M profit after 5 years, shaking the market. BTC price dipped, and trading surged!
A legendary Bitcoin whale has officially exited the game, selling off their last BTC and walking away with a $51.8M profit after holding for over five years.
According to Arkham Intelligence, this whale originally bought 801 BTC in August 2019 at an average price of $10,297, investing $8.25M. Over the years, they slowly sold their stash. Just five months ago, they offloaded 199 BTC for $13.55M.
On March 6, 2025, at 14:30 UTC, the final sale happened—301 BTC ($27.9M) sent to Binance. The market was struck immediately. BTC dropped 0.5% from $92,691 to $92,227 in 30 minutes. The trading picked up—Binance BTC/USDT trading volume increased 15%, BTC/ETH & BTC/USDC pairs increased 10%.
Glassnode’s on-chain metrics confirmed the insanity: BTC fees on transactions increased 8%, active wallet addresses increased 5%. Technical analysis indicated short-term fluctuations to come—Bitcoin’s RSI hit 68 (a bit oversold), MACD showed a bearish crossover, and Bollinger Bands widened, meaning price fluctuations in the near term.
Volumes were higher at Coinbase and Kraken as well. With a whale-sized commotion, everyone is holding their breath waiting to see what comes next with BTC.