A long-inactive Bitcoin whale—believed to be from the early Satoshi days—has made headlines after shifting over $4.6 billion in BTC following a 14-year silence.
The wallet, holding 80,000 BTC since 2011, moved 40,010 BTC on Monday. Blockchain analytics firm Nansen reports that 28,600 BTC from that transfer ended up at Galaxy Digital, a major crypto financial firm.
On Tuesday, an additional 10,200 BTC, worth around $1.2 billion, was also sent to Galaxy Digital—bringing the two-day total to $4.6 billion in transferred Bitcoin.
According to on-chain analyst EmberCN, the movement strongly suggests the whale might be preparing to liquidate a substantial part of their holdings.
Whale activity like this tends to attract the attention of market watchers, as such massive transfers can signal potential price volatility or reflect institutional interest.
This particular investor acquired their Bitcoin back when the price was under $30, meaning they’ve seen an eye-watering return of over 2.4 million percent in value since then, according to TradingView.
The timing is also notable. These transfers began just after Bitcoin surpassed Amazon’s $2.3 trillion market cap, making it the fifth most valuable asset globally. The price of BTC hit a record high of $122,600 on Monday.
Price Rally Tied to “Crypto Week” Momentum
While this early whale might be preparing to sell, other investors remain bullish.
Iliya Kalchev, a dispatch analyst at digital asset platform Nexo, said that recent momentum has been fueled in part by “Crypto Week” in Washington, a key event focused on passing several major crypto-related bills.
“The rally is being driven by strong ETF inflows, long-term investor interest, and growing optimism over upcoming regulatory clarity,” Kalchev said. He also noted that former President Trump’s support for crypto legislation has strengthened investor confidence.
If the bills currently being debated pass into law—especially those concerning stablecoins, digital asset custody, and infrastructure—it could open the door for even higher price gains and potentially more large holders to make moves.
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