The crypto market is once again witnessing a surge in activity among long-term holders. While Bitcoin experiences short-term volatility, “whales” who have held their assets for over a decade have begun large-scale profit-taking.
A Triumph of Patience: 28,000% ROI
According to analysts at EmberCN, a significant transfer was recorded on March 18: an early investor moved 1,000 BTC (approximately $71.6M) to the Binance exchange. The history of this wallet is impressive:
- Entry Point (2013): The whale purchased 5,000 BTC at a price of just $332 per coin.
- 2024 Activity: In November, the investor began a phased exit, sending 3,000 BTC worth $332M to exchanges.
- The Result: The average selling price was $94,786. Total net profit exceeded $330M, while the wallet still holds a “reserve” of 1,500 BTC ($106.8M).
Billion-Dollar Moves and Mysterious Figures
Simultaneously, Lookonchain specialists detected another major transaction: another investor from the industry’s early days liquidated 650 BTC ($46.3M).
This wallet has long been under analytical scrutiny. In total, it has offloaded approximately 11,000 BTC, totaling $1 billion. Rumors within the community suggest the assets may belong to Owen Gunden, though there is no official confirmation.
Capital Rotation: Whales Shifting to Ethereum
While some are exiting to fiat, others are using the correction to build positions in altcoins. Amidst Bitcoin’s 24-hour dip of 5.5% (down to the $69,800 level), Ethereum buyers have stepped up:
- Major Accumulation: An unknown trader purchased 50,706 ETH for $111.62M. The average purchase price was $2,201.
- The Strategy: This investor demonstrates a classic “sell high, buy low” approach. A year ago (in March 2025), they sold 28,683 ETH at $3,892 and have now returned to the asset after seven months of silence.
Note: Recent rumors that Erik Voorhees (founder of ShapeShift) purchased $56.5M worth of ETH turned out to be false. The entrepreneur himself quickly refuted the reports from Lookonchain.
Summary: Current movements indicate the market is in a phase of asset redistribution. “Old money” is exiting to provide liquidity, while new whales are aggressively accumulating Ethereum in anticipation of the next growth cycle.
