After 5 Years Of Dormancy, Bitcoin Whale Remerges, And Transfers $353 Million BTC – Does This Mean Market Slump Coming?
The post After 5 Years Of Dormancy, Bitcoin Whale Remerges, And Transfers $353 Million BTC – Does This Mean Market Slump Coming? appeared on BitcoinEthereumNews.com.
A large BTC customer has abruptly come to life, transferring thousands of Bitcoin (BTC) coins and gaining attention from market participants. As per data shared today by Lookonchain, the whale who has been holding 23,969 BTC worth $2.82 billion, today moved 3,000 BTC (valued at $353.16 million) to a new wallet after five years of dormancy. The extraordinary event happened today, August 16, 2025, leaving the digital asset community in wonder as they think about the motivation behind this long-idle institution eventually jumping into action. Why Now? What makes this transfer interesting is the whale’s inactivity during all that time, holding on to tokens through every booming and downtrend market since the acquisitions. Although this unexpected activity evoked curiosity, it seems to be a strategic move to profit from some of their holdings, as the prevailing market situation currently favours profit-taking. While the specific reason behind the huge movement is unknown, previous similar actions indicate that such big money transfers from dominant wallets normally happen during high demand amid bullish markets. Last month, a long-inactive BTC wallet, idle since 2011 and regarded as a Satoshi-era investor, transferred 40,192 BTC (valued at $4.77 billion) to a new wallet connected to digital asset manager Galaxy Digital. Market analysts believe such large-scale transfers are strategically planned with deliberate purposes. Some feel that the volume and timing show the funds won’t be sold in open markets. Rather, they might be shifted to DeFi custody and lending protocols or OTC applications. The heightened BTC prices and surging institutional demand could have prompted the whales’ decision. What’s The Next Move for BTC? Such large-value token movements can cause a substantial effect on market sentiment as their timing can trigger anxiety among investors. If the whale decides to put the moved coins on sale, it could exert…
Filed under: News - @ August 17, 2025 1:27 am