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With bitcoin drifting conscionable beneath the $77,000 range, a whale moved a cache of 500 BTC from a wallet established much than a decennary ago. The funds look to person flowed done the over-the-counter (OTC) table Wintermute and a wallet identified arsenic a Binance deposit address.
Published: May 19, 2026, 4:30 PM
Key Takeaways
- Wintermute-linked wallets received 500 BTC worthy $38M aft a 10-year dormancy period.
- Arkham Intelligence information flagged links betwixt Wintermute transfers and a Binance deposit wallet.
- Bitcoin astatine $382 successful Jan. 2016 turned 500 BTC into a holding nearing $38 cardinal today.
Bitcoin Whale Moves 500 BTC; Assets Likely Sold
A sizable trove of bitcoin primitively acquired connected Jan. 23, 2016, oregon astir 10 years and 4 months ago, was transferred astatine artifact tallness 950100. The onchain find was archetypal noticed by the Bitcoin blockchain parser btcparser.com.
The bequest P2PKH (Pay-to-Public-Key-Hash) wallet moved 500 BTC worthy somewhat much than $38 cardinal based connected existent speech rates. The timing stands retired arsenic bitcoin prices person slipped astir 4% implicit the past 7 days.
Even so, bitcoin traded astatine $382 per coin erstwhile the stash was archetypal accumulated, placing the full holding astatine a worth of astir $191,000. At today’s speech rates, the proprietor has recorded a 200-fold gain, translating to a 19,996% instrumentality implicit the past decade. With that successful mind, a humble 4% pullback carries small value erstwhile viewed done a semipermanent lens.
Image source: Mempool.space travel illustration tied to the transfer: 4b07da12efc12cd54c9113857d928d11146616797ecb946b50861840a3a4aea9From an onchain standpoint, the coins were apt liquidated. The 500 BTC moved from the archetypal P2PKH wallet to a Nested Segwit / P2SH (Pay-to-Script-Hash) code linked to the OTC desk Wintermute. The Wintermute-linked code is flagged by Arkham Intelligence and is reportedly tied to a Binance deposit wallet.
The transportation illustrates however profoundly aboriginal bitcoin positions tin reshape fiscal outcomes agelong aft the archetypal acquisition fades from memory. While short-term traders fixate connected play terms swings, decade-old wallets proceed to archer a antithetic communicative astir patience, liquidity and marketplace maturity. Large dormant holdings entering organization trading channels whitethorn hint astatine an ecosystem progressively defined by professionalized superior movement.
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