A dormant whale from 2010 woke up to sell 1,000 BTC at $69,000 ATH, racking in $68 million in profits.
Bitcoin price recorded a new all-time high of $69,000 on March 5; however, the time above $69,000 was short-lived as the BTC price experienced a flash crash and briefly fell below $60,000. The price crash was attributed to heavy selling from hodlers as several whales and dormant accounts woke up to take profits.
According to data from CryptoQuant, crypto exchanges witnessed a three-day streak of BTC inflows worth $525 million, suggesting traders were moving their BTC from cold storage onto exchanges to take profit in anticipation of the ATH.
One case that intrigued the crypto community was a dormant whale that awoke after 14 years to deposit 1,000 BTC ($67.1 million) to Coinbase when the BTC price was trading at $67,116. The whale mined this Bitcoin in 2010 when the price was below $0.28, suggesting that the whale has made more than $60 million in profit.
