Satoshi-Era Whale Transfers 80,000 BTC to CEX as Bitcoin Soars to New All-Time High!

Jakarta, Pintu News – A person or entity holding a large amount of Bitcoin (BTC)-about 80,009 BTC, which is worth about $9.46 billion-appears to be making a large transaction.

This activity came as Bitcoin hit an all-time high of $123,100, sparking concerns that long-dormant wallets may be preparing to take advantage.

Wale from Satoshi Era Sells Bitcoin at Peak Price?

Quoting the BeInCrypto page, in early July, a group of Bitcoin wallets holding more than 80,000 BTC – owned by a mysterious whale from the Satoshi era – made a move after 14 years of inactivity.

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Now, on July 15, 2025, Lookonchain reported that the wale made two major transactions. One of them moved 9,000 BTC ($1.06 billion), and the other moved 7,843 BTC ($927 million) to Galaxy Digital, an over-the-counter(OTC) trading company.

Galaxy Digital then transferred 2,000 BTC of this amount to centralized exchanges such as Bybit and Binance. This transfer sparked concerns about a possible massive sell-off. Shortly after, the price of Bitcoin corrected by more than 5%, dropping to $116,900.

“This is the first thaw in 14.3 years,” commented Spot On Chain.

This wale movement led to a spike in Bitcoin’s Coin Days Destroyed metric in July.

Historically, this has been one of the most reliable on-chain signals for identifying corrections or reversals after long periods of price increases.

Binance Wale Activity Increases as Bitcoin Hits ATH

Meanwhile, analyst Crazzyblockk observed a spike in wale activity on Binance using data from CryptoQuant.

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He noted that transactions worth more than $1 million now account for more than 35% of all Bitcoin flows to the exchange.

His findings are in line with recent actions from old wallets. According to him, age data from recent exchange deposits shows that many of these inflows are from older coins. He proposes two possible scenarios behind this movement:

“This surge in deposits suggests that large investors are preparing for two possible scenarios: Profit-taking – securing profits after historical gains. Speculation – utilizing on-exchange liquidity to hedge or open new positions amid peak volatility. However, the presence of this much ‘sell-side’ pressure in the market’s main trading venue increases the risk of sharp price movements.” – explains Crazzyblockk.

Bitcoin now seems to be caught in a fierce tug-of-war. On the one hand, there are old wallets that may be taking profits after more than a decade. On the other hand, publicly listed institutions and companies are aggressively accumulating.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Satoshi-Era Bitcoin Whale Moves Coins to CEXs. Accessed on July 16, 2025
• Coinspeaker. Satoshi-Era Whale Offloads 9000 BTC, Bitcoin Rallies Over. Accessed on July 16, 2025