Bitcoin Wallet Dormant for 12 Years Becomes Active Again, Moves $324 Million

Jakarta, Pintu News—In 2025, the Bitcoin (BTC) market saw significant volatility due to the reactivation of old wallets that had been idle for over a decade.

Large transactions from untouched wallets for years and significant Bitcoin (BTC) movements to exchanges have caught the crypto community’s attention. This change in behavior from large investors may indicate potential price volatility in the future.

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Bitcoin’s Old Wallet is Back

Recently, an astonishing transaction occurred when 3,422 Bitcoin (BTC), worth $324 million, were moved from a wallet that had been dormant for 12 years to a new address. The Bitcoin (BTC) came from BTC-e, one of the defunct exchanges. In 2012, the value of this Bitcoin (BTC) was only $46,000.

Today, its value has jumped 7,018 times, demonstrating the long-term growth potential of Bitcoin (BTC). Around the same time, another wallet holding 2,343 Bitcoins (BTC), worth more than $221 million, was also reactivated after 11.8 years of dormancy.

Transactions from these “sleeping” wallets often receive significant attention in the community, as they may indicate that veteran investors are beginning to liquidate assets or prepare for other strategic moves in the market.

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Bitcoin Movement to Exchanges: Selling Pressure Rising?

In addition to the reactivation of old wallets, the market witnessed large Bitcoin (BTC) transfers to major exchanges. These moves indicate that Bitcoin (BTC) whales are actively moving their assets to exchanges, behavior that is often interpreted as a sign of potential selling pressure.

Outside of individual whale activity, Riot Platforms, a leading Bitcoin (BTC) mining company, sold 475 Bitcoin (BTC) in April 2025 to address industry pressure.

Meanwhile, MicroStrategy, an institutional investor known for its Bitcoin (BTC) accumulation strategy, continues to make purchases despite criticism for its high-risk investment approach.

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Implications of These Moves for the Bitcoin Market

Activity from longtime Bitcoin (BTC) whales and large institutions raises speculation about the future direction of the Bitcoin (BTC) market. According to a CryptoQuant report from March 2025, the Exchange Whale Ratio on Binance has recently decreased, indicating a reduction in selling pressure from large investors, a positive signal for Bitcoin (BTC) price.

The Exchange’s Whale Ratio, which fell below 0.3 on April 23, indicates a major participation shift, from institutional or large trader dominance to more retail-dominated flows.

Short-term Bitcoin (BTC) holders have yet to take significant profits to form selling pressure, and upward momentum is still accumulating. However, recent Bitcoin (BTC) transfers to exchanges suggest that short-term selling pressure may mount, especially as Bitcoin (BTC) hovers around $95,000, with key support levels at $93,000 and $83,000.

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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. Old Bitcoin Whale Reactivates BTC, Impact?. Accessed on May 8, 2025
• Featured Image: Generated by AI