A long-inactive Bitcoin whale executed a massive transfer of 9,999 BTC valued at $1.19 billion, marking its first transaction in 14 years. The funds were moved to a new wallet within a three-hour window, dramatically reducing the entity’s holdings from 80,000 BTC to just 20,000 BTC.
Industry analysts suggest the transfer was likely an over-the-counter (OTC) trade, a preferred method for discreetly handling large-scale cryptocurrency transactions to avoid market disruption. Such substantial movements historically influence Bitcoin’s liquidity conditions and short-term price volatility.
The whale’s abrupt activity after 14 years of dormancy has drawn significant market attention, with stakeholders monitoring potential ripple effects across trading platforms. This reduction represents one of the largest single-holding decreases observed in recent years within the Bitcoin ecosystem.