Dormant Whale Moves 200 BTC—Is It a Smart Exit?

• A whale deposited 200 BTC ($18.4M) to Binance after 3 years.
• The whale’s holdings still include 98.2 BTC with a 198% total profit.
• Bitcoin dropped 4.5% today—was this a strategic sell-off?

Dormant Whale Moves 200 BTC to Binance

After three years of inactivity, a Bitcoin whale has resurfaced, depositing 200 BTC (worth $18.4 million) to Binance. The move comes as BTC trades at $92,263, significantly higher than the whale’s previous accumulation price of $30,873 back in 2022.

This transaction raises questions about whether the whale is preparing to sell or simply reallocating funds. Historically, large whale movements to exchanges have often preceded increased Market volatility.

Whale’s Profits and Market Impact

The whale originally withdrew 300 BTC at an average price of $30,873, and after this recent deposit, they still hold 98.2 BTC ($9.06 million). With an estimated profit of $18.2 million (+198%), the timing of the move is interesting, especially as Bitcoin has dropped about 4.5% today.

After 3 years of dormancy, a whale just deposited 200 $BTC ($18.4M) to #Binance ~2 hours ago.

Back on Mar 29 and Jun 13, 2022, the whale withdrew 300 $BTC at an average price of $30,873.

With BTC now at $92,263, the whale still holds 98.2 $BTC ($9.06M), with an est. total… pic.twitter.com/oTkd6QXeoi

— Spot On Chain (@spotonchain) February 25, 2025

Is This a Smart Exit Strategy?

While the whale’s transaction suggests partial profit-taking, it does not necessarily indicate a full exit. The remaining holdings suggest confidence in further BTC upside. However, large whale deposits to exchanges can sometimes trigger short-term price declines as traders anticipate potential sell pressure.

With Bitcoin near all-time highs, investors will be watching closely for further whale movements that could signal broader market shifts.