An investor who had remained inactive since 2010 sold 10,000 BTC for about $1 billion, after having acquired them for just $1.54 each. The transaction, detected by analyst Ted Pillows, has become one of the most profitable ever recorded in Bitcoin’s history.
The sale took place on October 4, during a market downturn, when BTC’s price dropped to $105,000. The move sparked concern among analysts and traders, who warned it could trigger further sales from other whales and intensify downward pressure on the market.
The whale’s profits exceed the annual budget of several countries. However, most observers agree that the timing of the sale does little to help market sentiment, which remains fragile after several weeks of corrections.
Source: https://x.com/TedPillows/status/1985660617722655190
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