Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC
Key Takeaways
- A dormant Bitcoin whale moved 60,000 BTC after over 14 years of inactivity.
- The whale retains 20,000 BTC and no transferred funds have been sent to known crypto exchanges.
A Bitcoin whale activated today and transferred 60,000 BTC, worth around $6.5 billion, from six addresses that had been untouched for 14 years, according to on-chain data tracked by crypto analyst EmberCN and blockchain firm Timechain Index .
Blockchain data reveals that the whale still controls at least two more wallets holding 10,000 BTC each, which are still inactive at press time. That means the investor holds at least 80,000 BTC as per current data.
The recent transfers were made in six equal batches of 10,000 BTC each. The Bitcoin stash was originally acquired at an average of $2 per coin.
Massive fund movements like this often hint at incoming selling pressure, but in this case, no Bitcoin has reached exchange addresses. The whale may be restructuring its storage setup or quietly gearing up for its strategy.
Bitcoin is currently trading at around $108,000（UTC+8）, down 1.5% in the last 24 hours, according to TradingView.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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