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Large BTC Transfers: A Miner Returns from Dormancy

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by Giorgi Kostiuk

7 hours ago


Recent Bitcoin movements have captured significant attention in the cryptocurrency community. A dormant whale miner, inactive for over a decade, has suddenly moved over 100,000 BTC.

100,000 BTC Moved by Whale

According to analytics from CryptoQuant and Lookonchain, a series of transactions involving ancient BTC mined in April and May 2011 were recorded. The movement of 20,000 BTC was noted, which an analyst referred to as an 'unprecedented wake-up.' These coins, mined around block 116,375, last moved when Bitcoin was priced at only $7.79.

Mass Transfer of Other Funds

Lookonchain also reported a significant transfer involving 80,009 BTC, valued at $8.69 billion. On July 4, 2025, four of the whale's wallets moved 40,000 BTC, while the remaining wallets remained inactive. All eight wallets became active after 14 years of dormancy and executed the transfer of 80,009 BTC. These coins were received in two batches: 20,000 BTC on April 2, 2011, and 60,009 BTC on May 4, 2011.

BTC Market Remains Stable

At the time of these transactions, Bitcoin was trading between $105,500 and $110,500. Despite the whale movements, the price showed only a 1.96% decline over the day. The Relative Strength Index (RSI) stood at 52.99, reflecting neutral market sentiment. Analysts observed that a break above $110,800 could support further upside, while a fall below $104,000 may lead to increased selling pressure.

The movement of dormant Bitcoins and stable trading volumes are attracting analysts and investors' attention, potentially signaling future changes in the cryptocurrency market.

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