A Bitcoin Ancient Whale Awakens After 8 Years, Transfers Around 213 Million USD Worth of BTC

February 2nd Pepperstone strategist Michael Brown noted that the sharp precious metals sell-off that began last Friday extended into Monday’s Asian trading session, with gold, silver and copper all posting sharp losses. Like the prior rapid rally, the current correction also carries the “too sharp, too fast” trait. The market could see a so-called dead cat bounce, he added. However, the long-term bullish thesis remains intact: central bank demand and retail investor interest in precious metals remain robust. For investors looking to hedge geopolitical risks, precious metals still outrank the U.S. dollar or U.S. Treasury bonds as a preferred choice. The key going forward is whether the market bubble has deflated sufficiently and speculative positions have been unwound—allowing fundamentals to once again drive price action.

**February 2 —** Per data from Coinbob Popular Address Monitoring, as gold prices continued falling to ~$4,500 per ounce, the "Heavy Long Precious Metals" whale entered the market to open a 10x leveraged long position in xyz:GOLD (synthetic gold asset) at an average entry price of $4,538, with a liquidation level of $4,185. Previously, the whale closed all its PAXG (on-chain gold) and xyz:GOLD long positions for a ~$650,000 profit. The address currently holds two open trades: - ~$1.12 million long in xyz:COPPER (synthetic copper futures) with a ~$105,000 unrealized loss (-77%) - ~$880,000 long in xyz:TSLA (synthetic Tesla stock) with a ~$60,000 unrealized loss (-37%) The account favors heavy positions in gold and silver, having previously doubled a $1 million principal via bullish precious metals trades. It shows strong bullish bias and a medium-term holding preference.

On February 2, Bitcoin saw a short-term rebound, topping $76,000, per HTX market data—even as it posted a 24-hour drop of 3.59%.

On February 2nd, TheDataNerd’s monitoring revealed that a whale wallet (0xBA9A...4C7b) unstaked 159,300 LINK tokens 12 hours prior, valued at roughly $1.51 million. The whale then deposited 130,500 LINK (about $1.24 million) into Kraken. These LINK tokens were acquired 7 years ago at an average price of $1.69 per token. The whale locked in a profit of $1.02 million, posting a 460% profit margin.

February 2nd – On-chain analyst Ai Auntie (@ai_9684xtpa) has monitored that Trend Research, Yilihua’s subsidiary, deposited 20,000 ETH to Binance in nearly 15 minutes to avoid liquidation. Over the past 24 hours, the firm has accumulated 53,589 ETH in deposits to the exchange; selling this amount would incur a $42.67 million loss. As of now, Trend Research’s on-chain ETH holdings have dropped to 608,251.55 ETH, worth roughly $1.28 billion.

On February 2nd, per EmberCN data, Yihui’s subsidiary Trend Research continues to offload holdings—recently transferring 10,000 ETH worth $22.01 million to Binance.