on-chain movement

Bitcoin whale moves $378 million in BTC after six years of dormancy: onchain data

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6News media
6Pieces
Published
Updated
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5 new reports

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.

Key claims & sources

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A Bitcoin wallet moved about 4,582 BTC, valued at roughly $378 million, after six years without activity.
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That wallet first received the 4,582 BTC in March 2020, when the holdings were worth about $40.8 million.
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The wallet sent the 4,582 BTC to five separate addresses on Oct. 12.
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The coins had remained untouched through the COVID-19 market panic before that transfer.

What it means

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.

Market reaction i

BitcoinBTC the event is about this asset
first headline
+0.7% 2 h before
+0.8% 4 h after
$83,265price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 13 04:18
+2 h 22 m
Oct 13 06:40
crypto.news echo
No new facts: participants, transfers, pressure
+4 h 6 m
Oct 13 08:25
+7 h 56 m
Oct 13 12:14
Crypto Economy adds
Sharpens the figure: $377.6M, with quotes
+10 h 55 m
Oct 13 15:13
AMBCrypto echo
No new facts: redistributed, complicates, narrative
+1 d 1 h
Oct 14 05:50
Crypto News Australia adds
Adds $109.8M, with quotes