According to @OnchainLens, a dormant-address whale transferred 400 BTC to OKX, valued at $34.92M, realizing an estimated $30.4M profit; the on-chain address and transaction trail are referenced by @OnchainLens and viewable via Arkham Intelligence at intel.arkm.com. The reported figures imply an approximate cost basis of about $11.3k per BTC, calculated from $34.92M minus $30.4M divided by 400 BTC based on @OnchainLens’ data. Inflows to centralized exchanges increase immediately tradable supply and have historically aligned with higher near-term sell-side risk and volatility, which traders monitor via exchange netflows and order book depth.
In a striking development in the cryptocurrency market, a long-dormant Bitcoin whale has resurfaced, depositing 400 BTC valued at approximately $34.92 million into the OKX exchange. According to Onchain Lens, this address had been inactive for eight years, and the move resulted in a substantial profit of $30.4 million for the holder. This event, dated December 25, 2025, highlights the ongoing activity of early Bitcoin adopters cashing in on their holdings amid evolving market dynamics.
For traders, such whale movements often signal potential shifts in market sentiment, prompting closer scrutiny of Bitcoin price action and trading volumes across major pairs like BTCUSDT and BTCUSD. A long-dormant Bitcoin wallet moved 400 BTC to the OKX exchange, valued at about $34.92 million. The transfer reportedly yielded roughly $30.4 million in realized profit for the holder, according to Onchain Lens, which tracks the wallet’s activity.
The wallet had been inactive for eight years. Analysts estimate the cost basis at about $11,300 per BTC at the time of acquisition, derived from the reported figures. The inflow to a major venue like OKX increases the tradable supply and has historically been associated with higher near-term sell-side risk. Traders will monitor BTCUSDT and BTCUSD volumes for signs of liquidity-driven moves.
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