Bitcoin whale moves $85 million in BTC after 13-year dormancy

A historic Bitcoin wallet containing approximately 1,000 BTC, valued at over $85 million based on current market rates, has executed its first transaction in more than 13 years. Blockchain monitoring services confirmed the movement of the substantial funds, which were originally acquired in 2011, placing the coins squarely in the early era of Bitcoin mining.

The ‘sleeping whale’ activity immediately sparked intense speculation across the cryptocurrency community. Wallets that have remained dormant for over a decade are often associated with early miners, lost keys, or individuals closely linked to Bitcoin’s foundation. The movement of such a large, long-held supply usually raises questions about the owner’s motives, specifically whether they intend to sell the assets, which could introduce volatility to the market.

Analysts noted that the Bitcoins were transferred to two new, unknown addresses. While the movement generated concern over a potential liquidation event, further tracking indicates the coins have not yet been deposited onto a centralized exchange. This suggests the whale may be consolidating holdings, transferring to a secure custody solution, or diversifying their portfolio rather than immediately realizing profits. The event highlights the significant wealth held by participants who entered the ecosystem during its nascent stages.

Source: Bitcoin whale moves $85 million in BTC after 13-year dormancy