CryptoMediaClub
Monday, July 7, 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

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence
Bitcoin

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence

03.07.2025
0

BitcoinWorldCrypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence The pulse of the digital asset world...

Read moreDetails
Bitcoin Treasury Strategy Unlocks $24.75 Million for Green Minerals’ Ambitious Growth

Bitcoin Treasury Strategy Unlocks $24.75 Million for Green Minerals’ Ambitious Growth

02.07.2025
Celsius Lawsuit: Judge Unleashes Crucial Legal Battle Against Tether Over $4 Billion Bitcoin Liquidation

Celsius Lawsuit: Judge Unleashes Crucial Legal Battle Against Tether Over $4 Billion Bitcoin Liquidation

02.07.2025
Bitcoin’s Momentum Challenge: Why the Epic BTC Rally Faces Profit-Taking Pressures

Bitcoin’s Momentum Challenge: Why the Epic BTC Rally Faces Profit-Taking Pressures

01.07.2025
Bitcoin’s Astonishing Evolution: A New Trading Pattern Emerges

Bitcoin’s Astonishing Evolution: A New Trading Pattern Emerges

01.07.2025
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

Shiba Inu Price Crashes as $6M Whale Sell-Off Sparks Chaos – Buy the Dip or More Selling to Come?

Shiba Inu Price Crashes as $6M Whale Sell-Off Sparks Chaos – Buy the Dip or More Selling to Come?

7 months ago
RenQ Finance Rocks DeFi Realm with Revolutionary Launch and Listings

RenQ Finance Rocks DeFi Realm with Revolutionary Launch and Listings

2 years ago
Can we escape DeFi’s Ouroboros? Bridging real-yield in 2025

Can we escape DeFi’s Ouroboros? Bridging real-yield in 2025

4 months ago

Tesla Didn’t Sell BTC During Q1 of 2023

2 years ago

Categories

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

Highlights

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

PEPE Whales Accumulate Amid Market Volatility: Is a 200x Rally Coming?

Trending

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave...

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
  • 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