Massive BTC Transfer from Dormant Wallets
Three long-dormant Bitcoin wallets, believed to be linked to a single whale, have suddenly sprung to life, transferring a staggering 10,603 BTC — worth approximately $1.26 billion — in a single day. According to blockchain analytics platform Lookonchain, the wallets were first funded on December 13, 2020, when Bitcoin traded at around $18,000.
Years of Silence Broken
For years, the three addresses showed no activity. Two remained completely untouched until this week, while the third had only made a minimal move of 7 BTC across two transactions three years ago. On Tuesday night, all three wallets suddenly transferred their full balances to three separate, unidentified addresses — and those receiving addresses have yet to move the assets.
Possible Common Ownership
Although it’s unclear whether these wallets belong to one individual or organization, on-chain data from Arkham Intelligence reveals they are connected through a shared address: “1CMbV…mMUZL.” This suggests a strong likelihood of common ownership, possibly pointing to a single Bitcoin whale orchestrating the moves.
Whale Activity Surges in July
This latest transfer follows another major whale awakening earlier this month. In that instance, a Satoshi-era whale moved over 80,000 BTC — valued at over $9.5 billion — after 14 years of inactivity. That Bitcoin was later moved to Galaxy Digital, sparking speculation that the owner may be preparing to liquidate via over-the-counter (OTC) services.
Bitcoin Price Holds Near Highs
These whale moves come amid a prolonged bullish trend for Bitcoin. Earlier this month, BTC briefly surged past $123,000, maintaining strong momentum. As of 12:35 a.m. Wednesday, Bitcoin had climbed 1.47% in the past 24 hours, reaching $118,841.5.
Why It Matters
Whale movements — especially from dormant wallets — often draw attention from traders and analysts, as they can hint at major market shifts. The reactivation of wallets holding massive amounts of BTC could signal impending large-scale transactions or changes in long-term holder sentiment.
