Bitcoin Whale Moves $378M After 6 Years: Is a Selloff Coming?
The wallet sent 4,582 BTC to five addresses, and analysts said such dormant-coin moves can signal price volatility.
- On Monday, a Bitcoin whale transferred 4,582 BTC worth approximately $377.6 million to five addresses, marking the wallet's first major activity since acquiring the coins in March 2020.
- Originally acquired for about $40.8 million when Bitcoin traded near $6,500, the holdings survived the March 2020 crash when Bitcoin fell below $4,000. At Monday's valuation, the balance has risen roughly ninefold.
- Blockchain records show the 4,582 BTC were divided among five addresses, with four receiving exactly 1,000 BTC each and the fifth obtaining approximately 582 BTC. No confirmed sale accompanied the transfer, leaving its purpose unknown.
- This transfer follows other large movements from long-dormant wallets throughout 2026, including government-linked addresses moving $770 million and MARA Holdings transferring approximately $81.13 million on October 9.
- CryptoQuant analyst Darkfost notes the Coinbase Bitcoin Premium Index has remained negative for 19 consecutive days, reaching approximately-0.12%, suggesting institutional selling pressure though transfers alone do not confirm liquidation.
16 Articles
16 Articles
In March 2020 a Wallet Received 4,582 Bitcoin Worth $40.8 Million, Days Before the Covid Crash. Six and a Half Years Later It Moved Them Out, Worth $377 Million.
A Bitcoin whale that bought over 4,500 coins just before the COVID crash sat completely still for six and a half years, then suddenly split its fortune across five addresses. Whether this signals a long-overdue exit or something else entirely depends on one critical move.
Bitcoin wallet that was practically inactive since 2020 transferred 4,582 BTC to five different addresses The post Bitcoin Whale wakes up after six years and moves almost R$ 1.9 billion in BTC apareceu primeiro em Portal do Bitcoin.
2020-Era Bitcoin Whale Moves $377.6M but Coins Stay Off Exchanges
A bitcoin holder that received thousands of coins days before the March 2020 COVID market crash has moved approximately 4,582 BTC worth $377.6 million, bringing a six-year-old position back into motion without yet providing evidence of a sale. Wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x transferred the bitcoin on October 12 to five addresses. Four received exactly 1,000 BTC each, while the fifth received approximately 582 BTC. At the time of writi…
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