Illustration of a dormant Bitcoin wallet activating and moving funds after 13 years, with glowing coins and blockchain elements.
Illustration of a dormant Bitcoin wallet activating and moving funds after 13 years, with glowing coins and blockchain elements.
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Bitcoin whale moves $40 million after 13 years of dormancy

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A long-dormant bitcoin wallet transferred approximately $40 million worth of BTC on Sunday to a new address. The move comes as the cryptocurrency trades near $80,700. Blockchain data shows the coins had remained untouched since November 2013.

The transfer took place at around 19:16 UTC, according to blockchain tracking service Whale Alert. Funds moved from address 1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j to bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy. The destination wallet is not linked to any known exchange.

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X users highlighted the awakening of a 2013 dormant Bitcoin whale moving $40M in BTC, noting transfers to new wallets without exchange links and sparking speculation on market dynamics. Reactions ranged from neutral reports on the event to questions about potential rallies or sell signals, with some advising caution on trading volume confirmation and viewing it as a liquidity setup rather than immediate bullish signal.

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Dramatic trading floor scene showing Bitcoin price chart surging past $80K then dropping amid Iran-US Strait of Hormuz tensions news.
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Bitcoin briefly tops $80,000 before retreating on Iran tensions

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Bitcoin surged above $80,000 for the first time since January during early Asian trading on May 4, 2026, reaching highs around $80,600. The cryptocurrency later pulled back to around $79,000 following reports of an Iranian missile strike on a U.S. warship, which the U.S. denied. Geopolitical risks near the Strait of Hormuz overshadowed strong ETF inflows supporting the rally.

Bitcoin climbed above $82,000 on May 6, driven by reports of easing tensions between the United States and Iran. Oil prices fell sharply as President Donald Trump paused a military operation in the Strait of Hormuz. The move triggered more than $200 million in short liquidations.

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Bitcoin traded around $72,700 on Thursday, maintaining gains above $70,000 but pausing its recent breakout without pushing toward $80,000. Ether also saw modest increases of less than 1%, as investors assessed macroeconomic risks and derivatives activity. Broader market indices for major cryptocurrencies rose about 3%, while sectors like DeFi showed little movement.

Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.

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Cryptocurrencies have shown resilience, trading higher despite a sharp rise in crude oil prices that unsettled global markets. The overall market capitalization climbed more than 2 percent in the past 24 hours to $2.36 trillion, with trading volume surging 52 percent to $99 billion. Bitcoin led the gains, rising 3.2 percent to $69,317.58.

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