The 4,582 BTC transfer was split across five addresses, but no sale or exchange deposit has been confirmed.
A Bitcoin whale transfers 4,582 BTC worth $378 million after six years, while CryptoQuant flags selling pressure from U.S. market participants.
The early Bitcoin holder still controls $261.68 million in stablecoins, including $200 million in USDC and $61.68 million in USDT.
The order represented about 109.7 BTC at $83,610, roughly 0.05% above the then-current midprice of $83,571.
A wallet idle for years moved all 4,582 BTC on October 13, worth $377.58 million. No on-chain evidence yet of a sale or an exchange deposit.
The wallet transferred about 4,582 BTC to five addresses on Oct. 12 after holding the coins through the COVID-19 market panic.
A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain.
The one-hour total reached $11.59 million as Bitcoin rose 0.52% to $83,831.
The single liquidation occurred at $83,674 at 1:14 a.m. ET (05:14 UTC) on Oct. 13.
More than $686 million in long positions were liquidated over 24 hours as traders awaited U.S. inflation data and markets faced broader risk-off pressure.
More than 173,000 traders saw positions liquidated as Bitcoin and major altcoins moved sharply within hours Tuesday morning.
The isolated outflow from BlackRock's IBIT highlights investor-specific decisions, underscoring the influence of major ETFs on Bitcoin's market dynamics. BlackRock's IBIT accounts for all $65.4 million in Bitcoin ETF outflows on October 12.