Bitcoin Whales Wake Up From 14-Year Slumber to Move Over $2B of BTC
2025-07-04 08:19:50
Main Idea
Two Bitcoin whales moved 20,000 BTC, worth over $2 billion, without signs of profit-taking, as BTC's value surged past $109,000.
Key Points
1. Two crypto wallets transferred 20,000 BTC (over $2 billion) to new addresses.
2. The transfers showed no indication of profit-taking activity.
3. Bitcoin's price exceeded $109,000, marking a 140,000-fold return since surpassing $100,000 in May 2025.
Description
When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin (BTC) holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it's a prelude to a sale and downside price volatility. Early Friday, two wallets, labelled " 12tLs...xj2me " and " 1KbrS...AWJYm, " moved 20,000 BTC, worth over $2 billion, to new addresses, according to data tracked by blockchain sleuth Lookonchai...
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