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Three long-inactive wallets moved 10,603 BTC (~$1.26B) on Tuesday.
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The wallets last received BTC in December 2020 and had remained idle since.
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The move follows earlier transfers from a different whale that woke up after 14 years.
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Market watchers speculate these may be strategic sell preparations.
Whale Activity After Long Silence
Onchain analyst Lookonchain has reported that three bitcoin wallets, each dormant since December 2020, collectively moved 10,603 BTC — currently valued at about $1.26 billion. All three wallets initially received their holdings around the same time when Bitcoin was priced near $18,000.
Two of the wallets had been completely inactive until this week, while one had only moved 7 BTC across two minor transactions three years ago. On Tuesday night, each wallet sent its entire balance to new, unmarked addresses.
Ties to Earlier Whale Movement
According to Arkham Intelligence data, all three wallets appear linked via interactions with a common address: “1CMbV…mMUZL.” While it’s unclear whether they belong to the same entity, the coordinated timing adds weight to the theory that they are connected.
This event comes shortly after another long-dormant whale moved over 80,000 BTC worth $9.5 billion, which was later traced to Galaxy Digital’s OTC desks, possibly in preparation for a sale.
Bitcoin Rally Fuels Onchain Moves
The moves come amid strong Bitcoin performance. The cryptocurrency reached a monthly high of over $123,000 earlier this month and continues to trade above $118,000. Whale movements are closely monitored for signs of upcoming market shifts, especially during periods of high volatility.
