Bitcoin Whale Moves 20K BTC After 14 Years, Analysts Suggest Market Peak Possible by 2025

Key Points

1. On July 4, 2025, a Bitcoin whale transferred 20,000 BTC (valued at ~$2.19 billion) for the first time since April 2011, marking the largest dormancy break in Bitcoin’s history.

2. The movement resulted in over 104 million Coin Days Destroyed (CDD) and a sharp increase in the Long-Term Holder Spent Output Profit Ratio (SOPR), indicating substantial realized profits (2,459:1 return).

3. Analysts suggest such large-scale profit-taking by long-term holders often precedes market cycle shifts, though current metrics like NUPL show no immediate signs of a market top.

4. Crypto analyst Rekt Capital projects Bitcoin’s bull market may peak by October 2025, based on historical post-halving timelines and the 550-day cycle pattern.

5. Bitcoin’s price was near $108,839 at the time of the report, with investors closely monitoring on-chain metrics for further signals.