A big Bitcoin holder, who bought a lot of Bitcoin when it was very cheap, recently moved their coins after keeping them untouched for 10 years.
The wallet contained 1701 Bitcoins, which are now worth $118 million. They bought these Bitcoins for an average price of $29 each.
The last time they received Bitcoins was in 2013, when the price was around $125. Now, with Bitcoin prices soaring above $70,000, the holder has made a massive profit of around 240,000%.
Recently, many old Bitcoin wallets have been moving their coins, but most of them are transferring to new wallets for security reasons, not for selling them. Also, another big account has been buying a lot of Bitcoins since March, spending around $90 million in total.