Massive Bitcoin holders have moved billions after not touching their wallets for over a decade.
- Three whale wallets each moved 10,000 BTC for the first time in 14 years.
- The assets are now worth over $3 billion combined.
- Public companies continue to increase Bitcoin holdings despite early investors cashing out.
Old Bitcoin Wallets Come Back to Life
Large Bitcoin holders, known as whales, have transferred Bitcoin stored for 14 years. One wallet called “12tLs” sent 10,000 BTC, currently worth over $1 billion. This wallet received the coins in April 2011 when Bitcoin traded at about $0.78.
Two more wallets — “bc1qm” and “1GcCK” — also moved 10,000 BTC each. All three wallets had been inactive since 2011. The combined movement of 30,000 BTC is valued at more than $3 billion at current prices.
Why This Matters to Traders
Bitcoin whales can influence market prices due to the huge amounts of crypto they hold. Traders often track whale transactions to guess short-term price swings or institutional interest.
While no one knows why the BTC was moved, some believe it could mean whales are preparing to sell, secure their funds, or reinvest. One early investor recently sold Bitcoin bought in 2013, making $30 million in profit.
Companies Are Still Buying Bitcoin
Even as early holders cash in, more companies are adding Bitcoin to their balance sheets. Over 255 firms now hold about 3.47 million BTC, or roughly 4% of all Bitcoin in existence. This is up from 124 companies just weeks ago.
Some experts say Bitcoin will likely follow the stock market, which recently hit record highs. The S&P 500 and Nasdaq surged after strong U.S. job data boosted investor confidence.
What’s Next for Bitcoin?
Analysts are split on what comes next. Some believe Bitcoin may reach new record highs if demand continues. Others say a lack of new buyers could keep the price below $112,000.
As the world watches, Bitcoin continues to move between early believers, big companies, and global markets.
Source: cointelegraph.com
