Dormant Bitcoin Whale Awakens After 5 Years – 1,000 BTC Deposit to Bitfinex Signals Market Shift
The post Dormant Bitcoin Whale Awakens After 5 Years – 1,000 BTC Deposit to Bitfinex Signals Market Shift appeared on BitcoinEthereumNews.com.
The crypto market has regained access to “vintage” investors with the latest episode where an OTC “Whale” in Bitcoin has resurfaced after being silent for five years and is attracting analysis by On-Chain analytic sources and retail market participants alike. Coin Metrics shows that this extremely major holder moved 1000 BTC, or approximately $67.64 million, to the Bitfinex exchange. The act of transferring like this goes beyond simply transferring assets. Transferring in this way is more of a Level 1 course in “HODLing” that earned over $38.35 million in profits. Large transactions from historical addresses should be viewed as a bellwether for institutional sentiment as we continue to go through a very volatile time in the cryptocurrency market. A Five-Year Strategic Hibernation This wallet has an interesting past and demonstrates the need to have patience for crypto profits to grow. The whale accumulated its 1,000 total BTC 5 years ago and withdrew these funds from Bitstamp and FTX exchanges. When it first withdrew its funds, the total value of the BTC was around $29,280,000. The long-term investor was rewarded with an increase in value of their portfolio, more than double that of the initial amount invested. The move of these funds into Bitfinex, a company commonly used by larger institutions for trading, suggests that they may be planning to liquidate (selling all) or use these assets as collateral against other transactions. Market Implications of Whale Activity When a long-dormant address of this size wakes up from dormancy, the marketplace is generally prepared for subsequent selling pressure. As such, numerous deposits made to exchanges are typically viewed as advanced notice of a future sale. Arkham Intelligence suggests that monitoring these “smart money” transactions is critical in understanding liquidity flow. While some analysts have suggested that these transfers typically lead to a…
Filed under: News - @ February 22, 2026 1:00 am