The transfer ended more than a year of inactivity and may signal a sale, while monitoring data cited by Odaily shows the holder is sitting on a loss of more than $20 million.
A Bitcoin whale that had been inactive for more than a year moved 625 BTC valued at $39.96 million to FalconX, a prime brokerage and trading platform for digital assets, in a transfer that may indicate preparation to sell. Monitoring data cited by Odaily from Lookonchain said the wallet had held the Bitcoin for over a year and remains down by more than $20 million, underscoring the scale of the unrealized loss tied to the position.