Satoshi-era Bitcoin Whale Awakens After 14 Years, Sells Billions
A dormant Bitcoin address, believed to belong to a major holder originating from the cryptocurrency’s early days, has recently liquidated a significant portion of its holdings. Analysis indicates these transactions could total around $4.6 billion, representing more than half of its estimated 80,000 BTC portfolio.
Blockchain intelligence data provided by Nansen reveals two major transfers initiated by the wallet ‘bc1qm’ (often considered linked to the original Satoshi Nakamoto address, though unconfirmed). The majority of the sold assets—approximately 70%-equivalent in value—were directed towards Galaxy Digital over two days.
Blockchain forensics onchain analyst EmberCN suggested these transfers to Galaxy Digital might align with a broader intention to strategically divest substantial assets.
Cryptocurrency traders often monitor whale activity closely, viewing large-scale movements as potential indicators influenced by institutional holders. Since acquiring Bitcoin in 2011, concurrent with the cryptocurrency trading under $30, this segregated pocket has accumulated gains exceeding $2.4 million per BTC—demonstrating an astronomical appreciation.
Market Perspective & Timing
The timing of these liquidation efforts is notable. Just one day prior, Bitcoin surpassed Amazon’s $2.3 trillion market cap, briefly ranking fifth globally by valuation and surged towards a new $122,600 price peak.
Fuelled Rally Dynamics: Crypto Week Impact
Analysts see the whale activity potentially coinciding with factors driving the current market surge. Iliya Kalchev, a dispatch analyst at Nexo, attributes part of the recent price boost to “Crypto Week” in Washington. During this period, lawmakers are advancing critical cryptocurrency bills, aiming to boost institutional confidence and infrastructure.
Kalchev stated: “The rally is supported by strong ETF inflows, long-term holder demand, and rising expectations of a favorable policy shift in Washington.”
In a supportive note, the analyst added: “President Trump’s endorsement of these efforts has further reinforced sentiment,” highlighting debates in Congress concerning the GENIUS Act, stablecoin rules, custody standards, and infrastructure support.
Crypto Week is ongoing, carrying the potential to achieve significant regulatory milestones. Success could further catalyze market optimism and potentially encourage additional selling pressure from known ‘whales’ holding large crypto positions.
