Bitcoin news: After more than 8 years of BTC, sleeper wallet sends BTC for $ 250 million
- A Bitcoin wallet inactive since 2016 came to life and postponed BTC token for over $ 250 million.
- Now the curiosity is great who is behind it.
A crypto wallet that has been inactive since 2016 suddenly became active and sent loudly Arkham More than $ 250 million in Bitcoin. Their content was “only” worth $ 3 million in early 2017. Since then it has increased 8,000%.
$250M BITCOIN WHALE WAKES UP AFTER 8 YEARS
A Bitcoin Whale that has held BTC since late 2016 has just moved over $250M in BTC last night.
His Bitcoin stack went from $3M in early 2017 to over $250M today – and he’s held Bitcoin on one address for over 8 years. pic.twitter.com/RF1aewYVgy
– Arkham (@arkham) March 22, 2025
Lang sleeper whale moves
The wallet was observed for more than eight years without any activity. Now, mid-March 2025, the entire BTC content was sent to two new addresses.
Interestingly, the owner took the opportunity to test the system before the massive transfer by sending several small transactions. As if he wanted to make sure that everything was still working and access to his wallet could still be used after a long “hibernation”.
In addition, there was no signs that the Bitcoin had reached the stock exchange. This means that it could only be a security measure. Of course, the crypto community finds such massive Whale movements Always very interesting.
Whales switch between ETFs and spot markets
On the other hand, the atmosphere on the Bitcoin market actually changes. On February 26, 2025, the CEO of Cryptoquant, Ki Young Ju, reported that the dominance of Coinbase’s spot volume has increased by more than 30 % within a week.
The day before, however, the Bitcoin ETF recorded the largest drain in one day: $ 937.78 million. This amount is certainly not a small number and could be due to the sales pressure on the part of large institutions. Imagine a gold shop where people stand in line to sell while other people start saving precious metals. A mess, isn’t it?
BTC: Sell whales – Horten small investors
Meanwhile, CNF reported that in mid-March Bitcoin whales reduced their stocks by more than 57,000 BTC within a week.
It is strange, however, that Bitcoin owner even increased their positions with a credit of more than 10 BTC when they sold. Around 5,000 BTC were collected by this group in a short time.
Although the eight-year-old wallet was only one of many addresses in the network, it appeared in the middle of a market that was in a push pull phase. Some gave off, others collected. Some left ETFs and some were busy on Coinbase.
The market is watching intently
The question is why the owner of the wallet suddenly woke up it could be for security reasons, or because he wanted to take advantage of the liquidity. So far, however, nobody has been able to confirm the exact reason. It is clear that every time an old wallet moves like this, the market is watching the events.
At the editorial deadline, BTC is traded at $ 85,706.06 – an increase of 1.77 % in the last 24 hours and 2.94 % in the last 7 days.
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