A notable Bitcoin whale realized a profit of 51.8 million USD from selling their Bitcoin after holding for over five years. This investor originally bought 801 BTC in August 2019 at an average price of 10,297 USD per BTC.

After a large deposit of 301 BTC worth 27.9 million USD, Bitcoin’s price dropped by 0.5% in just 30 minutes. Increased trading activity was noted on Binance and other exchanges, indicating the market’s sensitivity to such sizable trades.