Legacy Bitcoin whale sells 1,000 BTC after 13 years, totaling 3,500 BTC sold since 2024, with 1,500 BTC still held in reserve.
A long-term Bitcoin holder has sold another large portion of holdings after more than a decade.
The transaction involved 1,000 BTC and drew attention across the crypto market. The sale follows earlier movements from the same wallet, which began reducing its balance in late 2024.
Early Bitcoin Holdings and Long-Term Strategy
Blockchain data shows the wallet first received Bitcoin about 13 years ago. At that time, Bitcoin traded near $332 per coin, and adoption was limited.
The investor accumulated 5,000 BTC during that early period and held the assets without major movement for years.
Such wallets are often called “legacy whales” because of their early entry and large balances.
These holders tend to influence market activity when they move funds. Long holding periods also suggest strong conviction or limited need to sell during earlier cycles.
The wallet remained inactive for extended periods, which is common among early adopters.
Many such accounts resurface only during strong price rallies. This pattern has been observed in past Bitcoin market cycles.
Recent Sales and Exchange Transfers
The latest transaction involved 1,000 BTC, valued at about $71.57 million at the time of transfer.
Data shows the funds were moved to Binance, a major cryptocurrency exchange. This suggests the intent to sell or distribute the assets.
Legacy Bitcoin Whale Sells Another 1,000 BTC After 13 Years
A “legacy whale” that accumulated 5,000 BTC about 13 years ago at roughly $332 per BTC sold another 1,000 BTC around seven hours ago, worth about $71.57 million. Since starting to reduce holdings in November 2024, the… pic.twitter.com/f5uejRa3Zm
— Wu Blockchain (@WuBlockchain) March 19, 2026
Since November 2024, the same wallet has transferred 3,500 BTC in total.
These transfers occurred in several batches and were also sent to Binance. The average selling price during this period was about $94,786 per Bitcoin.
The total realized amount from these sales is estimated near $330 million.
Exchange inflows from large wallets often attract attention because they may increase short-term supply. However, market reaction depends on broader demand conditions.
Related Reading: Bitcoin Whale Ratio Reaches Highest Point in 6 Years
Remaining Holdings and Market Context
After the latest transaction, the wallet still holds around 1,500 BTC. At current prices, this balance is worth about $106 million.
The remaining funds suggest the holder has not fully exited the position.
Bitcoin has seen strong price movements in recent months, which may have influenced the timing of these sales.
Long-term holders often reduce exposure during higher price periods. This allows them to secure gains while keeping some exposure.
Market data shows that older coins moving can affect sentiment among traders.
Some view these movements as routine profit-taking, while others monitor them for possible trends. The scale of this wallet keeps it under observation.
No public statement has been made by the wallet owner. As a result, the exact reason for the sales remains unknown.
Blockchain records continue to provide the primary source of information for such activity.
