
After years of inactivity, whales are making notable market moves, with one shifting millions in Bitcoin from Binance while retaining sizable holdings.
On December 26, Whale 3JFgQr withdrew 181 BTC, valued at about $15.8 million, from Binance following a three-year dormancy, according to Lookonchain. This follows a December 12 transaction where a long-inactive address moved 200 BTC worth $18.46 million to Binance. The address had originally acquired 400 BTC at $24,500 each, with total costs near $9.8 million, leaving over $27 million in unrealized gains across remaining holdings. These transactions highlight increased activity from dormant whales still holding substantial Bitcoin reserves.