Bitcoin Whale Resurfaces After 14 Years, Transfers Millions in BTC: Is a Price Shift Coming?

July 5, 2025 CryptoExpert Bitcoin
MinersGarden
Analyst Projects October 2025 Cycle Top Based on Historical Patterns


TLDR:

A Bitcoin whale moves 40,000 BTC from pre-2011 wallets, valued at over $2.1 billion today.
Whale activity triggered a major spike in long-term holders on-chain metrics.
Bitcoin hovers below $110K as traders brace for a breakout or correction.
80,000 BTC in dormant wallets remain under watch amid market uncertainty.

A long-dormant Bitcoin whale has resurfaced after 14 years, moving tens of thousands of BTC and sending shockwaves through the crypto market. 

The transfer involved a total of 40,000 BTC, now worth billions, sparking speculation about price volatility and possible market shifts. Analysts are watching closely as this movement is one of the largest from a pre-2011 address in Bitcoin history. 

The sudden activity has affected key long-term holder metrics, raising questions about future selling pressure. Meanwhile, Bitcoin continues to hover near key resistance levels as traders brace for potential breakouts or pullbacks.

Phemex

Bitcoin Whale Moves 40,000 BTC for the First Time Since 2011

Two large Bitcoin transactions, each carrying 10,000 BTC, were executed after 14.3 years of inactivity. 

According to crypto analyst Maartunn, the assets were last moved on April 2, 2011, when the value of each transaction was just $7,793. Today, those same coins are worth over $2.18 billion. These assets now reside in two new wallets, suggesting a possible reallocation or preparatory move before further action.

Lookonchain added that the wallet owner appears to control eight addresses, collectively holding over 80,000 BTC, valued at nearly $8.7 billion. 

While four wallets were activated, the remaining four have yet to move funds. The timing and destination of the recent transfers have led to widespread monitoring by market watchers. Moreover, Lookonchain reported that two other whales transferred out 10,000 BTC too.

The movement triggered a spike in on-chain indicators such as Long-Term Holder SOPR and Coin Days Destroyed (CDD). 

Maartunn noted the SOPR ratio showed a realized profit of 2,459 to 1, converting $15,500 into more than $2.19 billion. The CDD metric, which measures the age of spent coins, also jumped. Over 104 million coin days were destroyed in a single day, a level rarely recorded.

This sudden awakening of old coins has historically preceded moments of heightened volatility. While no sales to exchanges have been observed yet, the market remains cautious as dormant supply returns to active circulation.

BTC Price Faces Key Resistance Near $109K

While whale activity surged, Bitcoin’s price traded near critical supply levels. 

As shared by analyst IT Tech, BTC touched a high of $110,484 after climbing from a $105,010 base. The price remains in an uptrend, but heavy ask orders between $109,200 and $109,600 are capping upward momentum.

Short-term support lies between $108,400 and $107,600, with a major trend origin around $105,000. The market could either flush lower or push higher into low-volume zones above $110,200 if buyers regain control. 

Confirmation remains key as Bitcoin navigates a tight range loaded with liquidation triggers.

Traders now face a waiting game. The price action around $109K could determine whether Bitcoin sees a breakout or correction. The sudden awakening of an early holder and the enormous volume shift have introduced fresh uncertainty.

For now, attention remains fixed on whether more of the 80,000 BTC in dormant wallets will move. As demand meets resistance, the next days could define BTC’s near-term direction.

 





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