On-chain analyst Yu Jin reported that two whales or institutions that had held BTC for more than a year transferred a combined 1,929.5 BTC, worth approximately $143.6 million, to centralized exchanges. The report was published on November 12, 2026, at 09:20:38 UTC+08:00; the transfer timings below are relative to that report.
- A holder who accumulated 1,000 BTC about five years earlier at approximately $46,700 per BTC transferred the coins to Binance roughly six hours before the report. Yu Jin estimated a potential profit of about $27.73 million.
- A holder who accumulated 929.5 BTC about one year earlier at approximately $107,125 per BTC transferred the coins to Kraken roughly four hours before the report. Yu Jin estimated a potential loss of about $30.36 million.
The reported gains and losses describe the positions’ estimated outcomes, not confirmed trading results. A transfer to an exchange does not establish that the BTC was sold. The report provides no evidence of a completed sale or a broader valuation conclusion.