I may be crazy when I say that 400 bitcoin is a lot to hold for 12 years, and the amount of profit that has been made over that time is something to be jealous of, but the truth is that how many people are actually willing to hold for 12 years? You see people holding for months, and then they start complaining about it, possibly due to a change in the market. Financial discipline is crucial to being able to archive something like this.
In terms of recognizing funds, the decision is actually justified because one of the reasons people invest in Bitcoin is to make money, so he must have decided to take a profit. The good thing is that we are learning from all of this, and taking this much money out of the market might cause things to pick up a little because 400 is a lot of money.
They are known as whales because they constantly monitor the market without warning, and bitcoin is a beautiful investment.
Holding 400 bitcoin for 12 years is almost unimaginable for most people because financial discipline on that level is rare the temptation to sell during dips or even after small gains is strong and many investors lack the patience to see through an entire cycle let alone more than a decade that is why stories like this stand out they show what is possible when someone has both vision and iron discipline. Taking profit after such a long time is completely justified at the end of the day the purpose of investing is to turn potential into realized value a holder who kept faith for 12 years already achieved what most traders only dream of their exit is not weakness but a recognition of the goals they set when they entered.
Large moves like unloading 400 btc do ripple through the market whales have the power to create shifts in sentiment or liquidity but over time bitcoin has shown it can absorb even massive sales as adoption grows and demand spreads to more players every big sell event also becomes a lesson for smaller investors to understand how the market works. What this reinforces is that bitcoin is both a test of patience and conviction those who can endure the volatility and noise tend to come out with life changing profits while those who chase quick wins often burn out the whale mindset is about seeing bitcoin as a long term store of value not just a trade and that perspective is what makes it such a beautiful but demanding investment.