A significant Bitcoin holder, inactive for the past 14 years, has transferred 40,000 BTC originating from an address holding 80,000 BTC.
The movement involved assets from addresses, including 1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU and three others initially holding 10,000 BTC each. The funds were divided equally, with 20,000 BTC transferred into each of two new receiving addresses.
Activity from long-dormant, high-net-worth holders, commonly referred to as ‘whales’, often attracts market scrutiny. Such large transfers can influence sentiment and offer potential insights into institutional participant behavior within the cryptocurrency market.