Core Insights - An eight-year Bitcoin holder resumed selling, depositing 1,176 BTC valued at $136.2 million to the Hyperliquid trading platform as Bitcoin tested resistance levels around $116,000 [1] - The selling activity is attributed to two significant whales that previously prevented Bitcoin from reaching $150,000, with one whale eliminated and another undergoing liquidations [2] - Dormant Bitcoin addresses from 2011-2012 have recently become active, contributing to selling pressure and Bitcoin's difficulty in maintaining momentum above previous highs [2] Whale Activity - The whale's ETH-BTC arbitrage position is currently facing losses of approximately 460 BTC worth $53 million, as the ETH/BTC ratio has remained below 0.05 since July 2024 [3] - The whale still controls 49,634 BTC valued at $5.43 billion across four addresses after the recent deposit [4] - Previous whale transactions have demonstrated sophisticated market timing, with one holder selling 24,000 BTC worth $2.7 billion, causing Bitcoin's price to drop from $115,000 to $111,000 [4] Market Dynamics - An early adopter rotated 400 BTC worth approximately $45.5 million into leveraged Ethereum positions, utilizing 3x and 10x leverage across four wallets [5] - Dormant wallet activations have increased, with addresses inactive since 2011-2013 transferring Bitcoin to exchanges like Kraken [5] - One wallet holding 445 BTC made its first transaction in nearly 13 years, while another with 480 BTC moved funds for the first time since 2012 [6]

Whale 24BLFj sold another 3M $Fartcoin($3.65M) at $1.22 9 hours ago.This whale bought 8.89M $Fartcoin(cost $2.31M) at an average price of $0.26 from Feb 26 to Mar 21.He still holds 1.89M $Fartcoin($2.16M), with a total profit of $8.07M(+349%).https://t.co/PwSotDsDwN https://t.co/DXWPBFbb3n ...

Whale 8a5nSU spent 5M $USDC across 5 wallets to join the $PUMP public sale, buying 1.25B $PUMP.5 hours ago, the whale sold it all at an average price of $0.0067 for 8.416M $USDC, locking in a $3.416M profit, with a 68% return.https://t.co/63Bqa7n4VF https://t.co/bqXJgxy2qb ...