#比特币2026年行情展望 🔗 An ancient whale is moving, but this time it's not fleeing

On-chain data has captured an interesting signal: an old player who started accumulating coins 12 years ago has recently sold another 500 BTC in the past 9 hours, converting it into $47.77 million in cash. Sounds scary? Actually, it's not that simple.

Looking into this whale's ledger makes it clear—

**Historical Record**
Back in November 2013, this guy bought 5,000 BTC in one go, at a cost of only $332. His courage back then was indeed extraordinary.

**Recent Cash-Out Pace**
Since November last year, he has changed his strategy. Instead of liquidating everything at once and fleeing, he’s selling in batches, with a measured pace. Up to now:
- Approximately 2,500 BTC has been cashed out
- BTC transferred to exchanges is worth $261 million
- Average transaction price around $104,632
- Paper profit already at the $260 million level

**What’s Still in His Hands**
Don’t be fooled by his selling; he still holds 2,500 BTC, which at current prices is worth $237 million. That’s the real detail.

**How to Interpret This Move**
This isn’t panic selling; it’s more like an old player rebalancing assets—simply put, after earning for so many years, he’s adjusting his position. What’s the key feature? Slow progression, precise control of slippage, and still holding a large chunk of coins.

What we should really watch isn’t “how much he’s sold,” but “whether he’s fully liquidated.” This guy hasn’t chosen to cash out everything yet. What does that mean? It indicates that there are still big players in the market who believe there’s more to come. Such signals are often more solid than any emotional analysis. $BTC