On-chain watchers spotted this: according to the author, two addresses that had held their BTC for over a year transferred a total of 1,929.5 BTC to exchanges about four hours before the post, worth roughly $143.6 million. The 1,000 BTC accumulated about five years ago at around $46,700 went to Binance; the author estimates a profit of about $27.73 million. The 929.5 BTC accumulated about a year ago at around $107,125 went to Kraken; the author estimates a loss of about $30.36 million. A transfer to an exchange doesn’t mean the BTC has already been dumped—watch to see whether it’s actually sold or moved for custody or OTC trading.
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