Whale Alert: Bitcoin Whale Cashes Out $25M as BTC Price Surges

Bitcoin Whale Turns $11.4M Into $36.4M Amid BTC Rally, ETF Inflows

One question echoed in the crypto market today: why would a Bitcoin Whale suddenly unload 400 BTC after almost three years of inactivity? The transfer drew attention because, by timing, profit, and the wider market backdrop, this was a strong indication of a sentiment shift. 

With Bitcoin trading at around $91,700, this long-term holder walked away with more than $25 million in gains. This starts a debate on whether this is smart profit-taking or a missed chance for even bigger upside.

Whale Turns $11.4M Into $36.4M: A 220% Return

According to blockchain trackers, the wallet originally received 400 BTC from OKX on April 1, 2023, when Bitcoin was hovering around $28,400. 

At that value, that stack was worth some $11.4 million. 

The coins sat until today, when the Bitcoin Whale offloaded the entire amount at prices approaching $91,700.

Lookonchain was the first to notice the whale activity, that address “1CA98y” sold 200 BTC first, followed by the remaining quantity, thereby locking in profits of more than $25 million. 

Source: X (formerly Twitter) 

For crypto-watchers, such discipline was a perfect example of buying low and selling high. Others say that selling before the crypto asset retests the $100k zone might cost the whale larger future gains.

Market Conditions Favor Strong Bitcoin Price Rebound

The sale came amidst a sharp market recovery. According to CMC, BTC price surged by 5.40% in the last 24 hours, managing to break free from a hard 30-day decline of more than 20%. 

Source: CMC

Fresh liquidity from institutions, stronger macro conditions, and heavy whale accumulation were all key contributors that helped fuel the rebound.

As per the data from Sosovalue, Spot Bitcoin ETFs logged net inflows of about $21.12 million on November 26, as indications mounted that confidence is returning after weeks of outflows. 

JPMorgan also indirectly increased this cryptocurrency's exposure with 1.5x leveraged notes against the IBIT. These products broadly expand institutional access without forcing banks to hold this digital asset on their balance sheets.

Macro Tailwinds Push BTC Higher

Markets now expect an 85% chance of a Fed rate cut in December. Lower interest rates usually push investors toward high-growth assets, giving crypto an edge. 

According to analysts, this has already begun to lift sentiment. Crypto's rally outpaced the broader crypto market, a signal that buyers are positioning early for a more liquid environment.

Ark Invest Cathie Wood also added that the "funding squeeze" seems to be dissipating with the Federal Reserve slowing down the tightening, a perfect environment where BTC can regain upward momentum above $90,000.

BTC Price Prediction: Can it Break $100k Next?

On the chart, BTC has bounced from $86,000 and reclaimed the 7-day average close to $87,000. 

• The RSI at 41 is neutral, so more upside cannot be ruled out. 

• However, resistance for the 30-day SMA stands tall at $98,800.

• Any convincing close above $91,600 will most likely see fresh buying pressure triggered by trend-following algorithms.

Whales bought almost 30,000 coins last week, approximately $2.7 billion, suggesting strong confidence in the price zone at this time.

Conclusion 

The Bitcoin Whale cash-out demonstrates long-term conviction and increasingly strong markets. In an environment of rising institutional inflows, friendly macro conditions, and improving technical signs, it is now up against a clear test at the $98k–$100k range. Whether it will break above depends heavily on ETF inflows and December’s Fed decision.

DIsclaimer: This article is for informational purposes only and not a financial advice, please do your own research before investing in crypto market.