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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Illustration of Bitcoin price chart spiking to $78,000 then reversing on large sale.
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Bitcoin spikes near $78,000 before reversing on large block sale

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Bitcoin briefly climbed to just under $78,000 on Tuesday before retreating below $76,000 following a reported $1.289 billion block sale of BlackRock's IBIT shares. The move occurred as US stock indexes posted gains amid optimism over a potential Middle East agreement announced by President Trump. Bitcoin traded near $76,000 after the reversal.

A long-dormant Bitcoin wallet holding 35.55 BTC since 2011 transferred funds this week, marking an early visible action by a defendant in a major New York lawsuit. The move follows legal notices served via the blockchain in 2025. Plaintiffs seek ownership of millions of similar coins under state lost-property rules.

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Two separate Bitcoin transactions have surfaced in recent reports.

Long-term bitcoin holders have increased their holdings by more than 2 million coins during the current bear market. The supply now stands at 16.3 million BTC, approaching previous records. This shift comes as prices remain below earlier peaks above $126,000.

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Bitcoin has returned to a key price zone between $66,900 and $68,000 following a sale by Strategy. The move comes amid broader market pressure from ETF outflows.

Bitcoin climbed back above $65,000 on June 22 after touching lows near $63,000, supported by a sharp drop in crude oil prices.

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U.S. spot bitcoin ETFs have seen nine straight days of net outflows, the longest such streak since the funds launched in January 2024. Investors withdrew about $2.8 billion over the period, with $1.3 billion exiting this week alone.

 

 

 

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