Robinhood

Bitcoin

Arkham

<p>A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.</p>
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   <li>A Bitcoin wallet dormant for more than eight years transferred 5,908 BTC worth about $383 million to a new address.</li>
   <li>Onchain data showed the coins were not sent to a known exchange wallet, leaving the holder’s intentions unclear.</li>
   <li>The transfer followed another dormant whale move earlier this week, keeping large Bitcoin wallet activity in focus.</li>
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<p>According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as “138EM…ReyiT” moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.</p>
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   <p>A <a href="https://x.com/hashtag/BitcoinOG?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinOG</a> transferred 5,908 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($382.67M) to a new wallet after being dormant for 8 years.<br><br>The OG received 5,908 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> 8 years ago when <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> was trading at $16,865 and had held it ever since. <br><br>The position is now up $283M (+284%).<a href="https://t.co/x77s7oSDhC" rel="noopener noreferrer nofollow">https://t.co/x77s7oSDhC</a><a href="https://t.co/bw4dUN7y13" rel="noopener noreferrer nofollow">pic.twitter.com/bw4dUN7y13</a></p>— Lookonchain (@lookonchain) <a href="https://x.com/lookonchain/status/2077588714809962644?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 16, 2026</a>
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<p>Arkham’s <a href="https://arkm.com/explorer/address/138EMxwMtKuvCEUtm4qUfT2x344TSReyiT" rel="noopener noreferrer nofollow">data</a> showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.</p>
<p>The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin’s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record high above $122,000 reached in October 2025, according to market price data. At that peak, the wallet’s balance was worth about $726 million.</p>
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<p>While the movement has drawn attention, CoinDesk’s onchain analysis said the Bitcoin was transferred to a newly created, unlabeled address rather than a known exchange deposit address, indicating there is no onchain evidence of an immediate public sale.</p>
<p>The report also noted that the coins moved from a legacy Bitcoin address beginning with “1” to a newer SegWit address beginning with “bc1q.” According to CoinDesk, large holders often reorganize assets to upgrade wallet formats, improve custody, rotate private keys, prepare estate transfers, or arrange over-the-counter transactions that do not reach public exchanges.</p>
<h2 class="wp-block-heading" id="dormant-whale-activity-remains-in-focus">Dormant whale activity remains in focus</h2>
<p>The latest transfer follows another dormant Bitcoin wallet that became active earlier this week after more than seven years. As previously <a href="https://crypto.news/dormant-bitcoin-whale-moves-188m-after-seven-years-of-silence/" rel="noopener noreferrer nofollow">repo</a><a href="https://crypto.news/dormant-bitcoin-whale-moves-188m-after-seven-years-of-silence/" rel="noopener noreferrer nofollow">r</a><a href="https://crypto.news/dormant-bitcoin-whale-moves-188m-after-seven-years-of-silence/" rel="noopener noreferrer nofollow">ted</a> by crypto.news, blockchain intelligence platform Arkham said a wallet moved 2,931 BTC worth about $188 million to a new address after remaining inactive since Bitcoin traded near $6,500.</p>
<p>Although neither transfer has confirmed selling activity, CryptoQuant has reported that whale-sized deposits continue to dominate Bitcoin exchange inflows. Its exchange whale ratio recently stood at 0.99, indicating that the 10 largest transfers accounted for nearly all Bitcoin deposited to exchanges.&nbsp;</p>
<p>According to the firm, elevated readings have historically been associated with higher selling pressure because large deposits are more likely to precede sizable sales.</p>
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Dormant Bitcoin wallet moves $383M after more than 8 years

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