Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange

A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on ￰0￱ Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out ￰1￱ Origins And Staggering Returns According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from ￰2￱ more than 13 years ago sent 300 BTC to Binance in a single ￰3￱ coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of ￰4￱ market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ￰5￱ originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11.

He moved 159 $BTC to a new wallet a year ago but didn’t sell —… ￰6￱ — Lookonchain (@lookonchain) October 12, 2025 Wallet Activity And What Changed Last year, the same owner moved 159 BTC into a new wallet and then left it ￰7￱ recent move is different because the coins arrived in an exchange hot wallet, where they can be sold ￰8￱ and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order ￰9￱ the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling ￰10￱ Moves And Flows Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on ￰11￱ drop triggered billions in liquidations and left traders on ￰12￱ on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility.

Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics ￰13￱ move was flagged by on-chain analysts and then amplified across social ￰14￱ inflows from wallets tied to early-era miners or ￰15￱ addresses tend to draw attention because they signal supply that was previously dormant coming back into ￰16￱ this case, the numbers are large enough to get traders’ ￰17￱ Scenarios And Risks If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not ￰18￱ Reading: A 5% Bitcoin Drop In October?

History Shows That’s Rare Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling ￰19￱ image from Gemini, chart from TradingView