Bitcoin Whales Move $1B in BTC in Hours After Dormant Investor Wakes Up to 3,176,464% ROI

Key Points

1. A dormant wallet holding 10,000 BTC (worth over $1.08 billion) reactivated after 14.2 years, representing a 3,176,464% ROI from its original $33,999 value in 2011.

2. Whale Alert reported transfers of 8,603 BTC (worth over $930 million) in and out of exchanges like Binance and Coinbase Institutional within hours.

3. 4,439 BTC ($482 million) were moved from unknown wallets to new addresses, suggesting OTC trades or cold storage shifts, while 567 BTC ($61 million) was withdrawn from Binance.

4. Bitcoin's price fluctuated between $107K and $109K, briefly touching $110K before stabilizing around $108K amid the whale activity.

5. Analysts noted a symmetrical triangle breakout in Bitcoin's price chart, with rising volume and a bullish MACD crossover, potentially signaling a rally toward $120K.