TLDR:

A Bitcoin whale transfers 14,000 BTC after 6 years of dormancy, sparking renewed market speculation.
BTC was worth $9,936 at time of acquisition, now valued at over $108,000 per coin.
Several dormant wallets have recently reactivated, including some from the early 2010s.
Bitcoin now tests major resistance near $110K, with targets set as high as $120K.

A long-dormant Bitcoin whale has returned, moving billions in BTC after six years of inactivity. 

The unexpected activity has sparked fresh speculation across the crypto market. Market watchers are closely tracking these silent wallet awakenings. These rare moves have become more frequent in recent weeks, creating new questions about the broader market direction. 

As BTC trades near a major resistance level, large wallet activity is now drawing more attention.

Bitcoin Whale Transfers $1.52 Billion in BTC

According to blockchain data cited by Lookonchain, a Bitcoin whale holding 14,000 BTC recently transferred the entire amount. 

The wallets received these coins in July 2019 when Bitcoin was priced at just $9,936. At today’s value of $108,662 per coin, the stash is now worth over $1.52 billion.

Lookonchain traced the origin of the assets back to Xapo Bank, which transferred the funds to three wallets. The whale had remained inactive until now. This sharp rise in value without a single trade reflects the strategy of long-term holding seen with early adopters.

This whale is not alone. According to Wise Advice, several Bitcoin OGs have started moving their long-held balances. Many of these wallets date back to the early 2010s and have remained untouched for over a decade.

A massive #Bitcoin OG just woke up after 6 years of complete silence.

Here’s what happened:

• A whale holding 14,000 $BTC (~$1.52B) moved their entire stash this week.
• These coins were originally received on July 24, 2019, when $BTC was just $9,936.
• That’s a gain of… pic.twitter.com/FGw0MgFsEB

— Wise Advice (@wiseadvicesumit) July 9, 2025

In recent weeks, a wave of reactivated wallets has sent full balances ranging from hundreds to thousands of BTC to new addresses. Analysts believe these moves are rarely random and may reflect deeper shifts in sentiment or positioning. 

Whether these are precursors to large sell-offs or part of over-the-counter deals remains unclear.

Bitcoin Near Critical Resistance Level

At the time of writing, Bitcoin trades at $108,662, up 0.38% in the past 24 hours, according to CoinGecko. Weekly gains stand at 0.88%, suggesting steady market strength.

Crypto trader Crypto Patel pointed out that Bitcoin is now testing a key resistance zone for the third time. 

A breakout above this level could trigger a rally toward $120,000, while rejection may lead to a drop to $93,000. This technical setup comes as large wallet movements add more weight to the market outlook.

$BTC Triple Top — or Breakout Incoming?

Bitcoin is tapping the same resistance zone for the 3rd time.

Breakout above = rally toward $120K
Rejection = drop to $93K support

This is make-or-break level.
Long or short — what’s your trade idea? pic.twitter.com/sPEoIl81lD

— Crypto Patel (@CryptoPatel) July 9, 2025

As these dormant whales come back online, questions grow about what lies ahead. Some traders suspect institutional interest may be heating up. Others believe these are strategic moves in preparation for broader shifts in crypto valuation.

While no clear pattern has emerged yet, the return of high-value wallets to activity suggests that the next chapter in Bitcoin’s story could unfold soon.

The post Another Dormant Bitcoin Whale Awakens, Moves $1.5 Billion in BTC appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 9, 2025 9:21 am