Key Highlights:
- Dormant whale moves additional 40,192 BTC (~$4.75B)
- Earlier sent 40,010 BTC to Galaxy Digital for likely OTC sale
- Total of 80,000 BTC moved since July 4, 2025
- Speculation centers on long-dormant miner waking up to sell
Major Movement from Historic Bitcoin Wallets
A mysterious bitcoin whale has moved another 40,192 BTC to a new address, reigniting speculation that further sales may follow. The funds are part of a previously dormant wallet that came to life on July 4 after 14 years of inactivity. Earlier this week, the same entity transferred 40,010 BTC to Galaxy Digital, sparking theories that an OTC sale was underway. Galaxy’s services allow discreet liquidation of large crypto holdings, avoiding slippage on public exchanges.Origin and Intent Still Unclear
Analysts believe the whale is likely an early bitcoin miner from 2011 when mining was less competitive and block rewards were much higher. The 80,000 BTC hoard—worth nearly $9.5 billion—dwarfs recent government seizures and could impact markets if sold rapidly. As of Thursday, the second half of the whale’s stash was moved to a single new address, possibly signaling further offloading. Bitcoin currently trades at $118,472.
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