Satoshi Era Bitcoin Wallet Moves $4 Billion, Is this an Indication of a Sale?

Jakarta, Pintu News – A long-slumbering Satoshi-era Bitcoin wallet recently made a transfer of 40,009 BTC (approximately $4.7 billion) to crypto exchange Galaxy Digital on Monday night. The transfer caught the attention of the blockchain community and market analysts as the wallet has been dormant for 14 years. The identity of the wallet’s owner remains unknown, but analysis suggests that the funds are still safely stored in another private wallet, which leaves around 40,000 BTC.

This massive movement of funds led to speculation that the wallet owners may be preparing for a sale, especially after a portion of the funds were moved to the Binance and Bybit exchanges, which received around $706 million each. Blockchain sleuths, such as OnchainLens and Nansen, noted that this could be an indication that the wallet owners are about to sell part of their Bitcoin holdings. However, there is also a view that this movement does not necessarily signify a sale.

Does This Signal a Big Sale?

While a fund movement of this magnitude may seem like a sign of a big sale, Rajiv Sawhney, head of international portfolio management at Wave Digital Assets International, explains that it doesn’t necessarily mean there will be an outright sale in the market. According to Sawhney, some Bitcoin owners prefer to move their funds to a centralized exchange (CEX) to keep their wallet activity hidden. In this case, they might strike a safer price deal with market makers to sell their Bitcoin without causing major disruptions in the market.

This is possible because Galaxy Digital offers services that can assist large transactions without directly affecting market prices. In this way, large transactions can be hidden through the internal accounts of the sub-exchange, reducing the risk of price disruptions that could occur if the transaction was announced to the market openly. Therefore, even if the funds look like they are about to be sold, it could actually be that the wallet owner is preparing for a big deal without causing tension in the market.

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Conclusion

The movement of funds from a long-dormant Satoshi-era Bitcoin wallet has led to heavy speculation about a possible mass sale of Bitcoin. However, analysts caution that this does not necessarily indicate a sign of an open sale.

Some large players in the crypto market often prefer to keep their intentions hidden, conduct transactions through centralized exchanges, and work with market makers to ensure that large sales can be made without having a major negative impact on prices. Therefore, while these movements are significant, there is no guarantee that the market will experience a major drop anytime soon.

Also Read: Can XRP Reach $4 If Bitcoin Rises to $130,000?

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Reference:

• Decrypt. Dormant Satoshi-Era Bitcoin Whale Moves $4 Billion-But It May Not Be a Sell-Off Indicator. Accessed July 16, 2025.