$BTC Whale Moves $8.6 Billion After 14 Years Without Sell Signals


Blockchain intelligence firm Arkham has reported no sell-off indicators following a set of massive $BTC transfers on Thursday.


Eight separate wallets moved 10,000 $BTC each, totaling $8.6 billion in previously dormant assets.


The $BTC remained untouched for over 14 years before moving to eight new Native SegWit addresses.


#Arkham suggests the transfers likely represent wallet upgrades from legacy addresses to improve security and reduce fees.


The original deposits occurred on April 2 or May 4, 2011, with all $BTC remaining in new wallets since the transfer.


Coinbase product head Conor Grogan raised concerns about potential hacking, calling it the largest possible heist in history.


10x Research noted early $BTC holders gradually distribute holdings into #ETF and corporate treasury demand.


Former #Binance CEO Changpeng Zhao joked about getting into crypto "too late" after seeing the 2011 whale activity.


The transfers demonstrate the continued movement of early $BTC holdings without immediate market dumping.

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July 06, 2025 at 11:25 PM
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