July 4, 2025
Bitcoin Whales Wake Up from 14-Year Slumber to MOVE Over $ 2b of BTC thumbnail
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Bitcoin Whales Wake Up from 14-Year Slumber to MOVE Over $ 2b of BTC

The Transfers Showed No Signs of A Profit-Taking Operation.”, – WRITE: www.coindesk.com

The Transfers Showed No Signs of A Profit-Taking Operation. Updated Jul 4, 2025, 8:26 AM Publissed Jul 4, 2025, 7:21 AM

WHEN A LARGE WHALE MOVES IN THE SEA, IT CREATES RIPPLES ACROSS The WATER. Similarly, WHEN A LARGE BITCOIN

HOLDER, OFFEN REFERRED TO AS A Crypto Whale, Moves Its Coins on-Chain, That Creates Buzz on Social Media, Prompting Observers To Wonder IF

Early Friday, Two Wallets, Labelled “12tls … XJ2ME” AND “1KBRS … AWJYM,” MOVED 20,000 BTC, WORTH OVER $ 2 Billion, To New Addresses. THESE FLOWS WERE FIRST Noted by Blockchain Sleuth Whale Alert, and Later by Lookonchain. The Addresses Received Tese Coins on April 3, 2011, WHEN BITCOIN WAS PRICED AT AROUND 78 CENTS.

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Today, BTC IS Over $ 109,000, Implying A Staggering 140,000-Fold Return for the Two Whale Addresses, WHICH MEANS THAT THAT A STRONG INCENTIVE TO LIQUIDATE THEIR HOLDINGS. Many Long-Term Holders Have Been Selling Their Coins Ever Since Btc Crossed Above $ 100,000 in May.

That Said, The Latest Transfers Were Made to Non-Exchange Addresses, WHICH HAV GONE GONE SILENT SINCE RECEIVING THESE COINS. SO, IT’S TOO EARLY TO CONCLUDE THAT The Transfer Operation is Aimed at Taking Profits.

Omkar Godbole

Omkar Godbole is a co-managing Editor on Coindesk’s Markets Team Based in Mumbai, Holds A Masters Degree in Finance and A Charted Market Technician (CMT) Member. Omkar Previoously Worked at FxStreet, Writing Research on Currency Markets and As Fundamental Analyst at Currency and Commodities Desk at Mumbai-Based Brokerage Houses. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

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