On December 1, an unknown user moved 11 BTC (approximately $1.07 million at the time of writing) after 11.6 years of inactivity. The transaction was highlighted by Whale Alert.
? A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO
— Whale Alert (@whale_alert) December 1, 2024
On November 30, another whale, dormant for 11 years, transferred 13 BTC (around $1.26 million) to another wallet. In 2013, when the assets were acquired, the coin’s price was about $5850.
? A dormant address containing 13 #BTC (1,256,544 USD) has just been activated after 11.0 years (worth 5,850 USD in 2013)!https://t.co/2FbtrR27c8
— Whale Alert (@whale_alert) November 30, 2024
On the same day, Whale Alert recorded a transfer by a larger investor. An unknown entity sent 429 BTC (approximately $41.7 million) after 10.9 years of inactivity.
? ? ? ? ? A dormant address containing 429 #BTC (41,707,628 USD) has just been activated after 10.9 years!https://t.co/iJ1j1CwmCj
— Whale Alert (@whale_alert) November 30, 2024
However, the whales did not move their assets to centralized exchanges. On the contrary, analysts are increasingly observing large sums being withdrawn from CEX.
? ? ? 520 #BTC (50,109,820 USD) transferred from #Kraken to unknown wallethttps://t.co/FtMfTd8ha0
— Whale Alert (@whale_alert) December 1, 2024
CryptoQuant’s Alex Adler noted that major players (holding over 1000 BTC) are “not rushing” to sell their coins. According to on-chain data, the average daily inflow from whales to exchanges is just over 5000 BTC.
Major players are not rushing to sell their coins!
The average exchange inflow (SMA-30D) of whales is just over 5K BTC per day.
Draw your own conclusions. pic.twitter.com/VQ70B6jSN7
— Axel ?? Adler Jr (@AxelAdlerJr) November 29, 2024
In November, a wallet inactive for 14 years moved 2000 BTC to a new address.
In October, a bitcoin whale transferred coins mined in 2009 worth $3.58 million. In the same month, a “sleeping” address of 14 years moved 50 BTC worth $3.4 million.