#BTCWhaleMovement

Bitcoin Whale Moves $8.6 Billion After 14 Years of Inactivity

The sudden movements of the crypto fortune left analysts baffled.

Jul 5, 2025

This Friday, a whale that had held a fortune of Bitcoin for 14 years began to move its enormous reserve of 80,000 BTC, valued at $8.6 billion at current prices.

The coins started moving in batches of 10,000 BTC, or approximately $1 billion in BTC, early Friday morning New York time, according to data from Arkham Intelligence. By 11 a.m. Eastern time, the $8.6 billion in cryptocurrencies had been transferred to new addresses.

Attentive blockchain observers were quick to point out on X that the movements came from an entity that received the coins in 2011 as transactions called "coinbase," the first transaction in a block created by miners. When miners create new blocks on the blockchain, they are rewarded with newly minted digital coins.

The head of research at CryptoQuant, Julio Moreno, told Decrypt that this "is the largest daily movement of coins aged 10 years or more in history." He added that the previous record for a whale that held cryptocurrencies for such a long time was a transaction of 3,700 BTC, which pales in comparison.

CryptoQuant's cryptocurrency analyst, J.A. Maartun, wrote on X: "In eight years of analyzing Bitcoin, I have never seen anything like this," noting that the entity linked to the Bitcoin addresses that carried out transactions on Friday has held approximately 200,000 BTC at one point over the years.

Source: Decrypt