- 80,000 BTC moved; no entity claims responsibility.
- No immediate liquidation or sell-off noted.
- Market remains stable; fee unchanged.
The movement of 80,000 Bitcoins, valued at approximately $8.6 billion, occurred on July 4, 2025, from eight dormant wallets to eight new destinations.
Largest Known Satoshi-era Bitcoin Transfer
The movement of 80,000 BTC from long-dormant wallets marks one of the largest known transfers of “Satoshi-era” Bitcoin. These wallets had been inactive since 2011. No individual or team has claimed responsibility for these funds. According to Conor Grogan, Director at Coinbase, a test Bitcoin Cash transaction was observed from one of the original wallets before the transfer.
“A 10,000 BCH transaction was made from one of the original Bitcoin wallets to itself before the BTC movement began—likely to test the private key access using BCH, as BCH transactions are less scrutinized than BTC.”
Market and Exchange Impact
The event has not resulted in any significant decrease in total BTC liquidity on known exchanges. The transfer likely involved a cold-to-cold wallet transaction, with no indication of exchange liquidation. No statements or confirmations have been made by well-known figures regarding these movements.
Network and Community Response
Experts note that this significant transfer has not led to unusual activity in Bitcoin network transaction volumes or fees, which remain stable at $2.40. Historical events, such as Mt. Gox Trustee BTC movements, resulted in price dips, but this event has not had such an effect.
Lack of Regulatory Actions and Community Reaction
Market analysts and community members have not experienced significant disruptions or volatility following the transfer, indicating an absence of a macro sell-off cycle. The transaction has been closely monitored, but regulatory bodies have issued no statements, and community sentiment remains speculative.
No regulatory actions or declarations from financial institutions have occurred as a result of the wallets’ movements. Community sentiment on platforms like Reddit and Twitter remains watchful as observers anticipate potential further actions.
