- Significant transfers trigger market interest in Bitcoin.
- Dormant wallets moved 3,422 BTC recently.
- Potential implications for Bitcoin’s price dynamics.
Two Bitcoin wallets associated with the Satoshi era moved approximately $325 million on May 6, 2025 after over a decade of inactivity.
The sudden activity in dormant Bitcoin accounts may influence investor sentiment and market dynamics, reflecting historical precedents of supply and demand shifts.
Two Bitcoin wallets, untouched since 2014, moved 3,422 BTC worth approximately $325 million. These transfers, involving whales “1NWPS” and another, have brought attention from the community. Whale “1NWPS” moved 2,343 BTC ($222.2 million), while the second whale shifted 1,079 BTC ($102.5 million).
⚠️ $324.2M in #Bitcoin on the move after over 10 years of dormancy! In the past 3 hours, two Satoshi-era whales, who had been inactive since 2014, transferred 3,422 $BTC ($325M) to new wallets: 💎 Whale ‘1NWPS’ woke up after 10.5 years, moving 2,343 $BTC (~$222.2M).
Spot On Chain, On-chain data tracker
The apparent reactivation of these wallets suggests motives like recovery of lost keys, inheritance processes, or portfolio rebalancing. The transactions occurred as Bitcoin hovered between $94,000 and $95,000, reflecting stability.
Market observers express concerns over potential selling pressure if the transferred Bitcoin enters exchanges. However, moving to cold storage signals continued holding strategies. Analysts, such as Raoul Pal, view this as part of a bullish market phase.
Previous examples of dormant accounts being reactivated have caused market shifts, linking to supply changes and price volatility. Consequently, Bitcoin’s trajectory may be influenced by such historical patterns as these transfers gain attention.
