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Bitcoin rose as much as 10% in the last seven days.
Key Takeaways
- Roughly $2.4 billion in Bitcoin was sent to a new wallet on Monday by the same whale behind the recent 80,000 BTC transfers.
- None of the transferred Bitcoin has reached exchanges so far, but the renewed activity has raised concerns about potential selling pressure.
The Bitcoin whale behind the recent 80,000 Bitcoin transfers sent about $2.4 billion in Bitcoin to a new wallet on Monday, according to on-chain data tracked by Lookonchain.
The Bitcoin OG who previously transferred 80,009 $BTC($9.68B) out after 14+ years of dormancy is moving $BTC again.
So far, he has transferred 20,009 $BTC($2.42B) from two of his wallets to a new wallet "bc1qmu".https://t.co/xHzc4TstQqhttps://t.co/5FjcAQxb89 pic.twitter.com/NgthaiG2Gl
— Lookonchain (@lookonchain) July 14, 2025
Although no Bitcoin has been sent to exchanges yet, the large transfer has reignited fears of looming selling pressure. With Bitcoin currently trading above $119,000, there’s speculation that the entity may be preparing to realize profits from long-held assets.
Still, there’s a possibility that the investor may be restructuring his storage setup.
As previously reported by Crypto Briefing, the Bitcoin whale resurfaced on July 4 after 14 years of inactivity and transferred 80,000 BTC across multiple transactions.
Bitcoin reached a new record high above $123,000 early today before retreating. The asset was trading at around $119,600 at the time of publication, per TradingView.
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