CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin Whales Move Millions After Decade-Long Dormancy

22.04.2023
A A
0
128
VIEWS
ShareShare

Bitcoin Whales Move Millions After Decade-Long Dormancy

  • Dormant Bitcoin whales have made significant transfers.
  • The intentions of the whales with their recent movements in the BTC market are unclear.
  • BTC has experienced a bearish trend in the last 24 hours.

In a surprising move, a massive whale holding over 1,000 Bitcoin (BTC) that has been inactive for a decade has suddenly transferred 279 BTC. It was worth a whopping $7.8 million at the time of the transfer.

The whale received the BTC in October 2012 and May 2013, at a time when the price of the cryptocurrency was just $12 and $195, respectively.

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.
The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.https://t.co/2MxnVzcEMl pic.twitter.com/2GM7Oq4e2P

— Lookonchain (@lookonchain) April 21, 2023

Another dormant whale made a massive transfer of 2,071.5 BTC, which is currently valued at around $60.7 million, following a period of dormancy lasting approximately 9.3 years. Reports suggest that the whale purchased these BTC tokens on Dec. 19, 2013, when the price of Bitcoin was around $663.

According to the latest weekly data from Glassnode, the Bitcoin network is experiencing increased activity despite the perception that HODLers keep their coins inactive. Daily organic transaction volumes have exceeded 270K. Significantly, it is bringing the network closer to cycle highs on a monthly average.

This means that more and more people are using the Bitcoin network to conduct transactions, rather than just holding onto their coins. It is an encouraging sign for cryptocurrency, as it depicts wider adoption and uses as a means of exchange.

It is currently unclear what the intentions of the Whales are in the BTC market with their recent movements. However, there is no clear indication of what their motives or goals may be.

Recent BTC Status in the Last 24 Hours

Over the past 24 hours, the BTC token has been experiencing a bearish trend, with a 2.53% drop in price resulting in the BTC/USD pair trading at $27,892.26. Additionally, the trading volume of BTC has decreased by 9.54%, currently at approximately $19,869,121,898. Besides, this suggests that the negative sentiment surrounding BTC prices is likely to persist in the coming hours.

A support level of $27,806.29 and a resistance level of $28,586.15 have been established by the bears in the BTC market. The market capitalization has also seen a decline of 2.47% and is currently at $538,968,376,745. Furthermore, the current market dominance of Bitcoin is at 45.85%.

BTC/USD 24-hour price chart (source: CoinMarketCap)

In conclusion, the recent surge in Bitcoin network activity and increased adoption as a means of exchange is a promising development for the cryptocurrency ecosystem.

Recommended For You:

  • Bitcoin Whales Accumulate 20,000 BTC in Just Two Days
Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Shiba Inu’s BONE Possibly to List on Popular Exchanges by Community Votes

Shiba Inu’s BONE Possibly to List on Popular Exchanges by Community Votes

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitpanda Becomes the Official Premium Partner of AC Milan

Bitpanda Becomes the Official Premium Partner of AC Milan

12 months ago
Ether Futures ETFs could all get approval at same time: Report

Ether Futures ETFs could all get approval at same time: Report

2 years ago
First US Solana Staking ETF Sees $12M Inflows on Debut With $33M Volume

First US Solana Staking ETF Sees $12M Inflows on Debut With $33M Volume

4 weeks ago
Bitcoin Price Prediction as Less Than Two Weeks Remain Until Bitcoin ‘Halving’ Event – $100,000 Incoming?

Bitcoin Price Prediction as Less Than Two Weeks Remain Until Bitcoin ‘Halving’ Event – $100,000 Incoming?

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Trending

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year
All news

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
0

South Korean crypto exchanges paid their customers $87 million worth of interest on their fiat deposits in...

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz