A significant event in the cryptocurrency space has occurred as a long-dormant Bitcoin whale has moved its entire fortune, now valued at over $85 million, after more than 13 years of inactivity. This movement from veteran holders can often trigger alarm bells within the crypto community, as it raises fears of potential sell-offs that could impact market stability.
According to on-chain data from Arkham Intelligence, an address identified as “1A2hq…pZGZm” transferred 909 BTC, equivalent to over $84 million, to a new address, “bc1qk…sxaeh,” late on Monday. This substantial holding was accumulated between December 2012 and April 2013, a period when the price of Bitcoin was below $10. As a result, the investor is now enjoying unrealized gains exceeding 13,000%.
At this time, the identity of the wallet owner remains unknown, as does the destination of the newly transferred assets. Notably, the coins moved on Monday have not yet been sent to a centralized exchange, which suggests that this transaction may be more about consolidating assets rather than preparing for a liquidation.
This transaction aligns with trends observed following Bitcoin”s ascent to the $100,000 mark last year, which prompted several Satoshi-era wallets with substantial profits to reactivate. A particularly notable instance involved another enigmatic whale that offloaded over 80,000 BTC in July 2025 through institutional firm Galaxy Digital, after holding the coins for 14 years and realizing profits of approximately $9 billion.
Following a peak above $126,000 in early October 2025, Bitcoin has experienced a significant downturn, currently trading around $90,970, reflecting a decrease of more than 27.9% from its all-time high. This decline has been attributed to renewed tariff threats between the U.S. and Europe, spurred by comments from President Donald Trump regarding Greenland, which have redirected investor sentiment back toward traditional safe havens, consequently triggering a sharp crypto market reaction.
While historical market cycles typically indicate a bear phase may be forthcoming, many industry experts contend that the dynamics driving the Bitcoin market have evolved. As such, they suggest there could be further upward potential for the asset in the forthcoming year.
