Bitcoin whales that had remained inactive for over a decade have recently transferred large amounts of BTC, moving billions of dollars’ worth of the cryptocurrency.

One wallet, labeled “12tLs,” moved 10,000 BTC — valued at over $1 billion — after 14 years of inactivity. The wallet initially received the Bitcoin on April 3, 2011, when each coin was worth approximately $0.78, according to blockchain data cited by Lookonchain.

Not long after, two other wallets, “bc1qm” and “1GcCK,” also became active for the first time in 14 years, each moving 10,000 BTC, as shown by BitinfoCharts. The value of those holdings has increased by more than 13 million percent over the years, according to TradingView.

Large-scale movements by long-dormant addresses are often watched by traders as they can signal institutional interest or impact short-term price dynamics due to the scale of capital being moved.

This comes amid a broader trend of long-term holders cashing out. Just two weeks ago, another investor who held Bitcoin since 2013 realized a profit of nearly $30 million after turning a $60,000 investment into a 496-fold return.

Despite some early adopters exiting, public entities are continuing to add Bitcoin to their balance sheets. According to BitcoinTreasuries.NET, at least 255 companies now collectively hold around 3.47 million BTC — nearly 4% of the total supply — a significant increase from 124 companies just a few weeks ago.

Meanwhile, U.S. equity markets hit new all-time highs following a strong jobs report, and Bitcoin appears to be tracking closely with equities. According to Ruslan Lienkha, chief of markets at YouHodler, a strong breakout above Bitcoin’s current consolidation range could lead to a new all-time high.

However, some analysts caution that Bitcoin may stay below $112,000 unless fresh buying interest emerges, especially from retail investors.

Sources:

https://cointelegraph.com/news/multi-billion-dollar-hodl-bitcoin-whales-awaken-after-14-years

https://bitinfocharts.com/bitcoin/address/bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g

https://www.tradingview.com/chart/JBpUV8Q8/?symbol=BITSTAMP%3ABTCUSD

https://bitinfocharts.com/bitcoin/address/1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU

https://x.com/lookonchain/status/1940986017202557270

https://bitcointreasuries.net/