Bitcoin Whale Moves 50,000 BTC Worth 2.18 Billion After 12 Years

An old Bitcoin whale has recently activated wallets containing 50,000 BTC, which had been dormant for over a decade. The whale, who had been inactive since April 2, 2011, executed multiple transactions, each involving 10,000 BTC. At the time of the original transfer, the value of each transaction was approximately $7,793. Today, those same coins are worth over $2.18 billion, reflecting a significant increase in value over the years.

The sudden activation of these wallets has sparked speculation and raised questions about potential market shifts. The movement triggered a spike in on-chain indicators such as Long-Term Holder SOPR and Coin Days Destroyed (CDD). 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, with over 104 million coin days destroyed in a single day, a level rarely recorded. This sudden awakening of old coins has historically preceded moments of heightened volatility, although no sales to exchanges have been observed yet.

The whale's activity has affected key long-term holder metrics, raising concerns about future selling pressure. While the whale activity surged, Bitcoin’s price traded near critical supply levels. The price 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.