An individual or organization holding a large amount of Bitcoin (BTC) – around 80,009 BTC, valued at approximately $9.46 billion – seems to be making large transactions.
This activity occurs as Bitcoin reaches a new All-Time-High (ATH) of $123,100, raising concerns that long-dormant wallets may be preparing to take profits.
Satoshi-Era Whale Selling at Bitcoin's Peak?
In early July, BeInCrypto reported that a Bitcoin wallet cluster holding over 80,000 BTC – belonging to a mysterious whale from the Satoshi era – moved after 14 years of inactivity.
Currently, on 15/07/2025, Lookonchain reports that this whale made two large transactions. One transaction transferred 9,000 BTC ($1.06 billion), and the other transferred 7,843 BTC ($927 million) to Galaxy Digital, an over-the-counter (OTC) trading company.
Galaxy Digital subsequently transferred 2,000 BTC from these to centralized exchanges Bybit and Binance. These transactions raised concerns about potential liquidation. Immediately after, Bitcoin's price corrected over 5%, dropping to $116,900.
"This is the first time he has withdrawn funds after 14.3 years," Spot On Chain commented.
This whale's activity caused an increase in Bitcoin's "Coin Days Destroyed" index in July. History shows this is one of the most reliable on-chain signals to identify corrections or reversals after long price increases.
Whale Activity on Binance Surges as Bitcoin Hits ATH
Meanwhile, analyst Crazzyblockk observed increased whale activity on Binance using data from CryptoQuant. He noted that transactions over $1 million now account for over 35% of total Bitcoin inflows to the exchange.
Binance exchange inflow status. Source: CryptoQuant.His findings align with recent actions of old wallets. According to him, data on deposit ages shows many of these funds come from old coins. He suggests two potential scenarios behind this move:
"The increase in deposits indicates that large-scale investors are preparing for two likely scenarios:
- Taking profits – securing gains after a historic price surge.
- Speculation – using the exchange's deep liquidation to hedge risks or open new positions in a peak volatility context.
Regardless, the presence of such large 'sell' pressure on the market's primary exchange increases the risk of significant price volatility." – Crazzyblockk explained.
Currently, Bitcoin seems caught in an intense battle. On one side are long-dormant wallets that may take profits after over a decade. On the other side are institutional companies and publicly listed companies actively accumulating.
