TLDR

A Bitcoin Whale moved 80,009 BTC worth $8.69 billion after remaining dormant for over 14 years.
The whale originally acquired the Bitcoin in 2011 when the price was just $0.78 per coin.
The BTC was split into two transactions of 40,000 BTC each, sent to different new wallets.
Analysts believe the whale is forming a Bitcoin treasury rather than preparing for a sell-off.
Glassnode reported that 14.7 million BTC are currently held by long-term holders across the network.

A Bitcoin Whale moved 80,009 BTC worth $8.69 billion after over 14 years of dormancy, creating significant market interest. This transfer took place as Bitcoin traded around $109,000, adding pressure on price expectations. Market participants are now focused on potential implications, including holding strategies or major sell-offs.

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A Bitcoin Whale who acquired tokens in 2011 moved them to two different wallets in rapid succession. According to BitInfoCharts data, the whale initially held BTC in wallet NY8gD… and transferred 40,000 BTC to address TSmxj… The second transfer, made shortly after, moved the remaining 40,000 BTC to wallet ECyqH…

The Bitcoin Whale originally purchased the 80,009 BTC when Bitcoin was priced at $0.78, spending just $7,805. Today, that holding is worth over $8.69 billion, making it one of the most profitable BTC positions in history. The move occurred as Bitcoin touched the $108,000 mark, intensifying speculation across the crypto community.

This sudden activity revived interest in long-dormant accounts known for their potential market impact. Historical patterns indicate such moves often trigger discussions about market direction, especially during price peaks. Analysts continue to track these addresses for further signals.

Analysts Expect Holding, Not Selling

Crypto analysts suggest the Bitcoin Whale is forming a treasury rather than preparing for a sell-off. Market data supports this theory as past whale moves during price peaks have resulted in continued holding. This wallet could be used for yield generation or long-term positioning.

Glassnode noted that many long-term holders bought their Bitcoin at recent highs, indicating reduced selling risk. These holders tend to stay firm unless major shifts in regulation or market structure occur. Current data shows 14.7 million BTC are held by long-term addresses, limiting the downside potential.

Analysts also mentioned the whale’s activity aligns with similar cases of strategic repositioning. Movement without exchange deposits often signals internal transfers or treasury management. As the Bitcoin Whale has yet to engage with an exchange, selling pressure appears limited.

ETF Inflows and Political Signals Support Stability

Bitcoin ETF inflows remain strong, with $601 million added on July 3. Fidelity’s FBTC led the day with $237 million, while BlackRock’s IBIT followed with $222 million. IBIT now holds nearly 700,000 BTC, reinforcing institutional support for Bitcoin.

These inflows reflect continued interest from major institutions despite the whale’s movement. Market observers view ETF growth as a stabilizing factor amid potential volatility. Increasing ETF demand coincides with long-term holders’ confidence in Bitcoin’s future trajectory.

Additionally, U.S. political developments may be encouraging whales to hold rather than exit. The approval of crypto-related bills is signaling favorable conditions. Combined with strong ETF inflows, the Bitcoin Whale’s activity may be part of a broader accumulation trend.

The post Bitcoin Whale Moves $8.69B After 14 Years, Sparks Market Speculation appeared first on CoinCentral.

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Filed under: News - @ July 4, 2025 6:29 pm