TheBlock
A bitcoin whale moved roughly 4,582 BTC, worth about $377.6 million, after more than six years of dormancy. Onchain tracker Lookonchain, citing Arkham data, said wallet "18Vm…VpQ9x" transferred the funds to five addresses on Monday. The coins remain in the recipient addresses.
The wallet originally received its 4,582 BTC in March 2020, when the stack was worth about $40.8 million, meaning the position has appreciated roughly ninefold. The move follows another awakening last week, when whale "bc1q…nhj0" transferred 4,500 BTC ($375.7 million) after more than four years of inactivity.
Why it matters
Dormant whale movements are closely watched because coins that old often belong to early holders who rarely move funds without intent. That two ancient wallets stirred within a week, without a sharp market reaction, is itself notable: old supply is changing hands while Bitcoin holds a high base.
Market impact
Bitcoin slipped 0.4% over the past 24 hours to $83,245 as of 11:50 p.m. ET Monday, after briefly touching a local low near $81,220. Arctic Digital head of research Justin d'Anethan said the recent drop "doesn't invalidate having marked a bottom or the potential bull run," calling it a recalibration and possible new support zone. QCP Capital forecasts BTC trading between $80,000 and $90,000 in its fourth-quarter base case.
Frequently asked questions
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How much BTC did the dormant whale move?
The whale transferred roughly 4,582 BTC, worth about $377.6 million, from wallet "18Vm…VpQ9x" to five addresses on Monday, according to Lookonchain citing Arkham data.
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How long was the bitcoin wallet dormant?
The wallet received its 4,582 BTC in March 2020 and moved them after more than six years of inactivity, with the stack appreciating from about $40.8 million to $377.6 million.
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Did the whale move affect Bitcoin's price?
Bitcoin slipped 0.4% to $83,245 over the past 24 hours after briefly touching a local low near $81,220, and the funds remain in the recipient addresses rather than on exchanges.
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Are other dormant bitcoin whales moving coins too?
Yes. Last week, whale "bc1q…nhj0" transferred 4,500 BTC worth $375.7 million after more than four years of inactivity, bringing recent old-supply movement to over $750 million.
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What are analysts forecasting for Bitcoin's price?
Arctic Digital's Justin d'Anethan said the recent drop doesn't invalidate a potential bull run and may form a new support zone, while QCP Capital forecasts Bitcoin trading between $80,000 and $90,000 in its fourth-quarter base case.
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