Haciyev Reşit 
Inactive Bitcoin wallets, often referred to as “sleeping whales,” continue to attract attention when they move funds after long periods. This phenomenon, frequently observed during the summer months, has seen a new example. A Bitcoin wallet that had not made any transactions since 2013 recently transferred over 900 BTC—worth roughly $85 million to a new address. The move has sparked discussions about potential selling pressure and whale behavior in the market.
First Movement Since 2013
According to on-chain analysis platform Arkham, the Bitcoin wallet “1A2hq…pZGZm” moved 909.38 BTC to the SegWit-compatible address “bc1qk…sxaeh,” marking its first activity in 13 years. Given that this wallet was last active in 2013, this is an exceptionally rare event in the Bitcoin ecosystem. Market participants are closely monitoring such wallets as their activity can have a notable market impact.
Data shows that this whale purchased Bitcoin between December 2012 and April 2013, when BTC traded between $13 and $250. In other words, the Bitcoin moved in this transfer was acquired at a very low cost compared to today’s value of approximately $85 million. While the owner’s identity remains unknown, the timing—occurring while Bitcoin traded above $92,000 raises speculation that this could be a strategic move rather than a routine transaction.
During the summer period when Bitcoin exceeded $120,000, several long-dormant wallets became active again, surprising the market. Wallets that had not moved for years executed transfers and sales close to peak price levels, suggesting that whales often act strategically with market timing in mind. One of the most notable examples was a wallet dormant since 2011 containing roughly 80,000 BTC, which realized approximately $10 billion in profits via Galaxy Digital. This transaction made headlines for its size and timing, showing once again how the reactivation of old whales can influence market price dynamics.
What Could Be the Purpose of the Transfer?
Experts note that large transfers do not always indicate immediate selling. Some whales may choose to take profits on their holdings, while others are moving their Bitcoin to modern wallets compatible with SegWit and Taproot updates. These upgrades provide lower transaction fees, enhanced security, and better privacy. The exact purpose of this $85 million transfer remains unclear, and on-chain analytics are being closely monitored.
The reactivation of a wallet silent for 13 years is being carefully observed by market participants. While such whale movements can increase short-term volatility and uncertainty, on-chain data continues to provide critical early signals for investors. Analysts suggest these moves offer insights into large players’ strategies, helping investors make more informed decisions regarding risk management and market timing.
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