Bitcoin News Today: Bitcoin Whales Move $1.26B in Dormant Wallets After 3-5 Years, 530% Gain

A significant movement of Bitcoin has drawn attention as three dormant wallets, inactive for over three years, have transferred 10,606 BTC valued at $1.26 billion. The transactions, first noted on July 23, 2025, trace back to December 13, 2020, when the wallets received their BTC at a price of $18,803 per coin. At the time of acquisition, the total value of the holdings was $199.4 million; today, it represents a 6.3x return on investment, underscoring the potential of long-term Bitcoin accumulation strategies [1].

The sudden activity has triggered speculation about the identity of the wallet controller, with analysts noting the consistent transaction patterns across the three addresses as a likely indicator of a single entity [1]. Blockchain tracking platforms have observed no immediate signs of the funds moving to centralized exchanges, complicating predictions about whether the transfer signals a potential sale or internal portfolio adjustment [1]. Such movements often carry market implications, as large-scale transactions from long-dormant addresses can influence investor sentiment and short-term price volatility. While no direct sell-off has been detected, the event highlights the unpredictable nature of whale activity in the cryptocurrency space.

On-chain data reveals the dormancy period ranged from 3 to 5 years, a rare occurrence in an asset class known for frequent trading cycles. The reactivation of these wallets aligns with Bitcoin’s broader narrative of wealth consolidation, where early adopters or institutional holders maintain substantial positions without frequent interaction. Analysts emphasize that while the scale of the transfer is notable, its immediate market impact remains constrained by the absence of direct exchange activity [1].

The transaction also underscores the role of blockchain analytics in monitoring macroeconomic signals. Unlike traditional financial systems, the transparency of on-chain data allows real-time tracking of large movements, providing insights into capital flows and investor behavior. However, the pseudonymous nature of crypto addresses means definitive attribution remains elusive, leaving the entity behind the wallets shrouded in mystery.

The event has sparked renewed interest in long-term holding strategies, particularly as Bitcoin’s price continues to reflect volatility tied to macroeconomic trends. For now, the focus remains on whether the transferred BTC will remain in cold storage, migrate to custodial accounts, or eventually reach the open market. Such outcomes could vary widely, affecting both institutional and retail investor sentiment in the coming weeks.

Sources:

[1] [Dormant Wallets Move $1.26B in Bitcoin After Years of Silence] [https://coinmarketcap.com/community/articles/68812445db08ce345dd179e2/]