Wintermute-Linked Wallets Receive 500 BTC Worth $38M From Decade-Old Bitcoin Holder

A whale transferred 500 BTC from a legacy wallet created more than ten years ago. The movement occurred at block height 950100 and was detected by btcparser.com. The coins were valued at about $38 million at current exchange rates, after being acquired when bitcoin traded near $382 in January 2016. The transfer followed a path from a legacy P2PKH address to a Nested Segwit/P2SH address associated with OTC desk Wintermute. Arkham Intelligence flagged links between Wintermute transfers and a Binance deposit wallet. The timing coincided with bitcoin slipping roughly 4% over the prior week, but the holding still reflects an approximately 200-fold increase and near 20,000% return. The onchain flow suggests the coins were likely liquidated.

"With bitcoin drifting just beneath the $77,000 range, a whale moved a cache of 500 BTC from a wallet established more than a decade ago. The funds appear to have flowed through the over-the-counter (OTC) desk Wintermute and a wallet identified as a Binance deposit address. Wintermute-linked wallets received 500 BTC worth $38M after a 10-year dormancy period. Arkham Intelligence data flagged links between Wintermute transfers and a Binance deposit wallet."

"A sizable trove of bitcoin originally acquired on Jan. 23, 2016, or roughly ten years and four months ago, was transferred at block height 950100. The onchain discovery was first noticed by the Bitcoin blockchain parser btcparser.com. The legacy P2PKH (Pay-to-Public-Key-Hash) wallet moved 500 BTC worth slightly more than $38 million based on current exchange rates. The timing stands out as bitcoin prices have slipped roughly 4% over the past seven days."

"Even so, bitcoin traded at $382 per coin when the stash was first accumulated, placing the entire holding at a value of about $191,000. At today's exchange rates, the owner has recorded a 200-fold gain, translating to a 19,996% return over the past decade. With that in mind, a modest 4% pullback carries little significance when viewed through a long-term lens."

"From an onchain standpoint, the coins were likely liquidated. The 500 BTC moved from the original P2PKH wallet to a Nested Segwit / P2SH (Pay-to-Script-Hash) address linked to the OTC desk Wintermute. The Wintermute-linked address is flagged by Arkham Intelligence and is reportedly tied to a Binance deposit wallet. The transfer illustrat"

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