Bitcoin Whale Moves $25.1 Million to FalconX After Long Dormancy

According to Odaily, a Bitcoin whale, inactive for 1.5 years, recently transferred 300 BTC, valued at approximately $25.1 million, to FalconX. This activity was detected by Spot On Chain about three hours ago. Previously, on August 18, 2023, the whale had accumulated 1,500 BTC from Cumberland at a cost of $26,353 per Bitcoin, totaling around $39.5 million. Currently, the whale has moved 300 BTC to FalconX at a deposit price of $83,707 per Bitcoin. Additionally, 1,050 BTC, worth about $87.2 million, were transferred to two new wallets, leaving 150 BTC, approximately $12.5 million, in the original wallet. The estimated total profit from these transactions is $85.7 million, reflecting a 219% increase.