Bitcoin Whale Moves $3.2M in BTC After 10-Month Dormancy, On-Chain Data Shows

BitcoinWorld Bitcoin Whale Moves $3.2M in BTC After 10-Month Dormancy, On-Chain Data Shows An early Bitcoin whale, who accumulated the cryptocurrency when it traded between $10 and $15, has moved 50 BTC—worth approximately $3.22 million—to a new address for the first time in about ten months.

The transfer was flagged by on-chain analytics platform Onchain Lens, which noted that similar movements from wallets linked to this whale have historically preceded deposits to over-the-counter (OTC) desks or centralized exchanges.

Context and Significance This whale’s activity is notable because of its long holding period and the size of the position.

Addresses that have remained dormant for extended periods often attract attention from market observers, as their movements can signal potential selling pressure.