Once again, ancient whales are selling off. This veteran hunter, during the November 2013 wave, bought 5,000 BTC at a bargain price of $332 each. In November 2024, he started to cash out in batches. Just 9 hours ago, he sold another 500 BTC, cashing out $47.77 million.

Even more astonishing, he has gradually transferred 2,500 BTC to a major exchange, totaling $261 million, with an average cost basis of $104,632 per BTC—meaning he has already made a profit of $260 million from this portion alone. It’s worth noting that this batch of coins cost less than $1.66 million initially.

Mathematically speaking, from $332 to the current price, the return on this investment has exceeded ten thousand times. However, it seems he has no plans to fully liquidate, as the remaining 2,500 BTC are still in his possession. Such position adjustments do put some pressure on market sentiment.