In a surprising move, a single Bitcoin $118,541 whale believed to control three wallet addresses relocated 10,603 BTC, valued at approximately $1.26 billion, to new addresses after years of inactivity. As reported by Lookonchain using Arkham Intelligence data, on December 13, 2020, when Bitcoin was around $18,000, these addresses accumulated between 3,000 to 4,000 BTC each. While two of the addresses remained dormant since that time, the third address conducted only two small transactions three years ago, moving just 7 BTC. The recent transactions cleared out all the balances to newly created unmarked addresses, which have yet to see any further activity.
ContentsBTCs Transferred to Three Addresses on the Same DayThe Silence Following the Transfers BTCs Transferred to Three Addresses on the Same Day
The commonality of the three addresses lies in the simultaneous acquisition of BTC on December 13, 2020, amassing similar ranges of 3,000 to 4,000 each. Arkham data illustrates that these addresses interacted with a common address named “1CMbV…mMUZL.” Thus, whether these are owned by a single entity or institution remains uncertain.
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In previous years, only one of these addresses made two small transfers totaling 7 BTC, three years ago. However, the other two had their first activity this Tuesday, transferring all holdings to new, unmarked addresses.
The Silence Following the Transfers
The new addresses, contrary to the initial acquisition, have not engaged in any transactions thus far. Consequently, the purpose behind these transfers remains unknown. Earlier this month, an address from the “Satoshi era” moved 80,000 BTC valued at $9.5 billion, then transferred to a Galaxy Digital-affiliated address. Lookonchain had interpreted this as a possible preparation for an over-the-counter (OTC) sale.
Bitcoin has been on an upward trend in recent weeks. At the beginning of the month, the price rose above $123,000, and at the time of this report, it was trading at $118,439, up 0.78% within 24 hours.
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