title: Bitcoin Whale Wakes up After 8 Years Moving 3,000 BTC Worth $250M

A major Bitcoin BTC $87 104 24h volatility: 0.6% Market cap: $1.73 T Vol. 24h: $28.79 B

A major Bitcoin whale has liquidated another portion of its crypto holdings, this time withdrawing a total of 3,238 BTC, valued at $284 million, from the Binance crypto exchange in the last 24 hours.

The transaction took place at an average price of $87,800 per BTC.

During the crypto market rally last month in February, the BTC whale sold off a massive 12,287 BTC, worth $1.16 billion, at an average price of $94,300, reported Spot On Chain.

However, the same whale began accumulating BTC again just five days ago as BTC price hovered around $84,000.

With this recent purchase, the whale’s holdings have increased to 15,986 BTC, valued at approximately $1.39 billion.

The whale, known for its significant transactions, previously sold off a portion of its crypto holdings during the market downturn last year.

At the time, the whale sold 10,000 BTC, valued at $236 million, at an average price of $23,600.

Afterward, the same whale bought back 8,000 BTC at an average price of $71,000.

The whale’s buying activity began in 2017 when they purchased 3,000 BTC at the beginning of the year at an average price of $1,200.

Later that year, they bought another 5,000 BTC at an average price of $4,600.

The bulk of their purchases took place in 2020 when they bought 10,000 BTC at an average price of $9,500 during the market downturn.

After a period of inactivity, the whale returned in 2023 to buy 3,238 BTC at an average price of $84,000.

The whale’s buying activity ceased after the price dropped below $80,000.

After a period of seven months, the whale decided to sell off a portion of its crypto holdings, beginning with a sell-off of 12,287 BTC at an average price of $94,300 during the market rally last month.

The asset manager’s iShares Bitcoin Trust (IBIT) saw a return to net inflows after five straight weeks of outflows, reporting net outflows of $744.4 million.

Meanwhile, the world’s largest asset manager continued to scoop up more Bitcoin.

In 15 separate transactions, BlackRock (NYSE:BLK) acquired an additional 4,054 Bitcoin, incrementally increasing its total to 573,878 BTC, now valued at over $50 billion, according to Bitbo’s Bitcoin treasury tracker.

Bitcoin price broke out above the Kijun line and closed its weekly candle above it, a key technical milestone, said crypto analyst Titan of Crypto.

Next up is the Tenkan line, currently positioned at $91,400. Market analysts are closely monitoring this level as momentum continues to build, suggesting further upward movement in the near term.output: A major Bitcoin whale has liquidated another portion of its crypto holdings, this time withdrawing a total of 3,238 BTC, valued at $284 million, from the Binance crypto exchange in the last 24 hours.

Next up is the Tenkan line, currently positioned at $91,400. Market analysts are closely monitoring this level as momentum continues to build, suggesting further upward movement in the near term.output: A major Bitcoin whale has liquidated another portion of its crypto holdings, this time withdrawing a total of 3,238 BTC, valued at $284 million, from the Binance crypto exchange in the last 24 hours.

The transaction took place at an average price of $87,800 per BTC.

During the crypto market rally last month in February, the BTC whale sold off a massive 12,287 BTC, worth $1.16 billion, at an average price of $94,300, reported Spot On Chain. However, the same whale began accumulating BTC again just five days ago as BTC price hovered around $84,000.

With this recent purchase, the whale’s holdings have increased to 15,986 BTC, valued at approximately $1.39 billion.

The whale, known for its significant transactions, previously sold off a portion of its crypto holdings during the market downturn last year.

At the time, the whale sold 10,000 BTC, valued at $236 million, at an average price of $23,600. Afterward, the same whale bought back 8,000 BTC at an average price of $71,000.

The whale’s buying activity began in 2017 when they purchased 3,000 BTC at the beginning of the year at an average price of $1,200. Later that year, they bought another 5,000 BTC at an average price of