Bitcoin Whale Awakens After 7 Years Ahead of All-Time High, Moves 2,043 BTC
Bitcoin Whale Awakens After 7 Years Ahead of All-Time High, Moves 2,043 BTC
A Bitcoin (BTC) whale that had remained dormant for seven years has moved a massive amount of assets, heightening tension in the market.
According to cryptocurrency media outlet U.Today on February 11 (local time), a Bitcoin wallet that had been inactive for about seven years recently transferred 2,043 BTC. The wallet owner had accumulated Bitcoin in February 2019 and had not made a single transaction since, until recently executing the transfer as Bitcoin’s price surged. The value of the moved Bitcoin amounts to an astronomical $232.9 million at current market prices.
On-chain data analysis indicates that the wallet is linked to Cumberland, a major liquidity provider. The wallet previously held as much as 39,000 BTC and has been classified as a typical institutional-grade whale address moving large-scale capital. Considering that Bitcoin was trading between $3,400 and $4,000 per BTC at the time of accumulation seven years ago, the recent transfer is widely interpreted as a move potentially aimed at realizing returns of several dozen times the initial investment.
Experts are focusing on the psychological impact that the return of a long-dormant whale could have on the market. Large-scale movements of holdings at a time when Bitcoin is increasing volatility near its previous all-time high could act as potential selling pressure. In particular, movements from wallets associated with professional market makers like Cumberland are largely seen as possible signals of asset reallocation or profit-taking strategies by institutional investors.
It has not yet been confirmed whether the transferred Bitcoin was deposited into exchanges or simply moved for wallet restructuring. However, such a large transfer occurring amid relatively low trading volume could signal upcoming changes in market liquidity. The recent trend of frequent whale movements suggests that long-term Bitcoin holders may view the current price range as a critical inflection point.
The movements of Bitcoin whales are one of the key variables that can create supply-demand imbalances in the market. This large-scale transfer, breaking seven years of silence, is expected to serve as an important indicator in determining Bitcoin’s future direction. Market participants are closely monitoring on-chain indicators to determine whether the whale’s holdings will lead to actual selling or merely a shift to a new strategic position.
Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.
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