Bitcoin whale moves $378 million in BTC after six years of dormancy: onchain data
A long-dormant Bitcoin wallet moved about 4,582 BTC, totaling roughly $378 million, after years of inactivity. The coins were first received in March 2020 and were sent onward to five addresses on Oct. 12.
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Bitcoin holders and market watchers would notice that a large dormant wallet became active again, because 4,582 BTC moved after years of inactivity. The transfer happened on Oct. 12 and split across five addresses, which makes the movement visible onchain today.
What changed in practice is that coins that had stayed in one dormant wallet were sent out to multiple addresses instead of remaining parked in place. What did not change is the onchain trail: the wallet still ties back to the same March 2020 receipt of 4,582 BTC.
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