Key Takeaways:
- Over 80,000 BTC has been moved from dormant addresses for the first time in 14 years.
- Despite the volume, no major sell-offs have been detected—yet.
- Bitcoin price remains resilient, but short-term volatility is likely.
As Bitcoin (BTC) flirts with its all-time high (ATH) near $110,000, an unexpected development has shaken the crypto landscape. Several long-dormant Bitcoin whale addresses—unused for over 14 years—have suddenly sprung to life, transferring tens of thousands of BTC. Despite these massive movements, the BTC price has remained surprisingly calm.
Dormant Whale Wallets Transfer Over 80,000 BTC
Data from blockchain explorers and whale tracking services shows that at least 8 of the 20 largest dormant wallets—each originally holding over 10,000 BTC—have recently been activated. In total, more than 80,000 BTC, worth nearly $9 billion, has been moved.
The key question is not just if these coins will be sold, but why they are being moved now. During Bitcoin’s previous ATH rally in late 2024, these whales remained inactive. Now, as BTC retests the $110K level, the sudden reawakening suggests shifting sentiment among early adopters or long-term holders.
🚨 🚨 BREAKING: 8 of 20 dormant BTC wallets just moved 80,009 $BTC.
— EDO FARINA 🅧 XRP (@edward_farina) July 4, 2025
This dormant group collectively holds 1% of all BTC, mined in 2010–2011.
Today’s move alone = 0.6% of circulating supply ($8.6B).
👀 Historic MULTI-BILLION sell-off incoming? pic.twitter.com/MVRI8VzP3U
Market Sentiment: Strategic Rebalancing or Looming Liquidity Crunch?
The timing of these movements has triggered widespread speculation. Analysts suggest this could indicate an anticipation of a liquidity crunch or a broader macroeconomic shift. Some believe these coins are being repositioned for over-the-counter (OTC) trades rather than immediate market dumps, as there’s no visible evidence of exchange deposits.
There is also speculation—albeit unconfirmed—that some of these wallets could be linked to early Bitcoin miners or even Satoshi Nakamoto. Regardless of their origin, the activation of these addresses is statistically significant, given that dormant coin movements in Q1 2025 rose 121% year-over-year.
Also Read: This Japanese Company Just Cracked the Code: 10% Yields Using Bitcoin as Collateral
Bitcoin Price Remains Steady—For Now
Despite the enormous whale activity, Bitcoin has not experienced any major correction. The price continues to hover near $110,000, with strong support seen around $108,000. Technical analysts highlight the importance of monitoring:
- Activity from the 4 remaining dormant whale wallets
- Transfers to known exchange wallets or OTC desks
- Price reaction at key resistance/support zones around $110K
So far, the market has absorbed the whale movements without panic. However, the situation remains fluid, and traders are advised to stay alert.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
