A significant Bitcoin holder, inactive for over 14 years, has executed the sale of 450 BTC through prominent market makers while retaining a substantial remaining holding valued at hundreds of millions of dollars. The movement represents rare large-scale activity from an extremely long-dormant wallet.
Over a five-day period, the whale strategically transferred the 450 BTC in batches. The coins were distributed equally, with 50 BTC allocated to each of three established market making entities: Coinbase, B2C2, and Wintermute. This resulted in a total transaction value of approximately $53.42 million.
Data confirms the whale origin address still holds a significant cache of 3,678 BTC. At current valuations, this retained stake is estimated to be worth around $434 million, representing a major concentration of Bitcoin holdings.
Movements by entities holding such vast amounts of Bitcoin, often termed ‘whales’, are closely monitored by market participants. Historically, large transfers involving dormant coins or sales through exchanges and market makers have been observed as potential precursors to shifts in market sentiment or increased volatility.
The scale of the retained holding means the whale continues to exert considerable potential influence over market dynamics, making future activity from this address a key focal point for investors.