TL;DR:

An investor from the 2013 era transferred 500 BTC ($33 million) to Binance, after having moved a massive sum of 5,000 BTC last week.
Data from Arkham Intelligence confirms that the address has sent nearly 4,000 BTC to exchanges since late 2024, leaving only 1,000 BTC in its balance.
The move coincides with a 5% drop in the price of Bitcoin over the last week, sitting below the psychological support of $66,500.

Another financial maneuver catches the crypto market’s attention this Friday. An “old school” investor transferred another 500 BTC to the Binance platform in a move that is part of the gradual liquidation of assets that were inactive for more than 10 years.

The continuity of this liquidation process occurs in a context of price weakness, with Bitcoin below $66,500. The constant flow to exchanges signifies profit-taking that increases the liquidity available for sale, impacting the short-term support structure.

Regarding the veteran investor, on-chain records analyzed by EmberCN indicate that the original address purchased its funds in late 2013. From that date until now, its holdings multiplied exponentially, allowing for strategic selling in the current market.

This transfer is not an isolated event; other similar movements have been detected in recent days, as the market has witnessed the awakening of “beautiful dormant wallets.” These accounts, dating back to the early years of the network, are taking advantage of current prices to secure profits after years of absolute inactivity.

The impact of ancient whales on current liquidity

Analysts claim that these operations add selling pressure to Bitcoin and Ethereum. While BTC fell 5% in the last week, Ether faltered and succumbed below the $2,000 threshold under similar distribution patterns.

Furthermore, data trackers show that the unknown old investor has been injecting liquidity systematically. Although there is no official confirmation of an immediate sale, sending to a centralized exchange is the standard preliminary step for asset liquidation.

The fact that this 2013 whale comes back to life, with at least $66 million in its account, marks a milestone in the rotation of capital from old hands to new investors, keeping the market on alert for possible additional corrections.

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Filed under: News - @ March 27, 2026 6:28 pm