#MSCI未来或纳入数字资产财库企业 Whale sells another 500 BTC after 12 years—how does that translate to a $260 million profit?

Recently, on-chain data has caused a stir again. An old whale—who has held for a full 12 years and bought BTC at an average price of $332 during the dip—sold another 500 coins, directly earning $47.77 million. They still hold 2,500 coins. This seems simple on the surface, but the logic behind it can crush many retail traders' trading dreams.

Why this is not luck, but skill

Ordinary investors watch the market daily, wanting to chase gains when prices rise and cut losses when prices fall. But this person? Over 12 years, they completely changed their approach—gradually building positions, taking profits at scheduled times, and never going all-in. The timing of sales, the remaining holdings, and the bottom line they keep—each step is as precise as surgery. In essence, they’re not just selling coins; they’re selling a kind of "discipline" that most people never learn in their lifetime.

The difference in mindset between retail traders and whales

When you’re chasing a high, they might be quietly offloading. When you panic and cut losses, they might be silently accumulating at the bottom. The real way to win is: taking profits in stages during a bull market, hiding chips during a bear market, and using time to gain space. Being ahead is called speculation; being a step behind is called cultivation.

From another perspective, if you hold 2,500 BTC, would you choose to cash out now or keep holding? Behind this choice lies the dividing line between wealth and mindset.