Bitcoin Whale Resurfaces After 8 Years, Moving $250 Million

A Bitcoin whale, dormant for over eight years, has recently moved more than $250 million worth of BTC, according to Arkham Intelligence, a blockchain analytics firm.

This particular whale acquired the Bitcoin in late 2016, holding it in a single wallet without any activity for nearly a decade. Back in early 2017, the same stash was valued at approximately $3 million.

Yesterday, thanks to the cryptocurrency’s significant price growth, the assets are now worth over $250 million.

The unexpected activity from this long-dormant address has sparked speculation within the market. Typically, such large transfers can indicate a major shift in strategy, with whales either preparing to liquidate their holdings or redistribute assets for different purposes.

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Additionally, the Bitcoin Exchange Whale Ratio, which tracks the proportion of Bitcoin deposited by large holders on exchanges, has reached levels unseen since the previous year, further fueling concerns.

A rising ratio often suggests that whales are increasing their presence in exchange markets, which could signal impending market changes.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.