According to on-chain analyst Yu Jin, a whale who amassed 3,962.6 BTC at $0.375 in January 2011 14 and a half years ago has recently awakened and is likely selling off his holdings through market makers. He transferred out 450 BTC (US$53.42 million) after escaping hibernation, 150 of which were transferred to Coinbase and addresses associated with market makers B2C2 and Wintermute in batches over the past five days. This likely follows the recent sale of 80,000 BTC by a whale through liquidity providers. He currently holds 3,678 BTC (approximately US$434 million).