A $33 Million Bitcoin (BTC) Fund Transfer Shocks the Market: BTC Skyrockets?

Updated

October 15, 2025

Gambar A $33 Million Bitcoin (BTC) Fund Transfer Shocks the Market: BTC Skyrockets?

Jakarta, Pintu News – A Bitcoin wallet that has been dormant for more than a decade suddenly moved large funds to a crypto exchange, sparking concerns among investors and analysts about its potential impact on market prices.

The Origins of Mt. Gox and its Surprising Profits

According to data from Lookonchain, a blockchain tracker, a group of addresses associated with Bitcoin (BTC) that were withdrawn from Mt. Gox more than 13 years ago, recently sent 300 BTC to Binance in a single transaction. The Bitcoin (BTC) was purchased at a price of about $11 per coin, so the total initial purchase was about $3,300. The current value of the transfer is about $33.47 million, representing an increase in value of 410,624%. It is also known that there are still about 590 BTC left in the same address pool.

The transaction attracted attention due to the large amount of Bitcoin (BTC) and the long period of inactivity of the wallet. Investors and crypto market analysts are watching closely to see if this will trigger a massive sell-off that could affect the price of Bitcoin (BTC) globally. This concern is not unwarranted, given the history of price volatility that can be triggered by large movements in the market.

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Wallet Activity and Changes

The market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ago.

He originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11.

He moved 159 $BTC to a new wallet a year ago but didn't sell —… pic.twitter.com/tSxgO0Mw5E
— Lookonchain (@lookonchain) October 12, 2025

Last year, the same owner moved 159 BTC to a new wallet and then left it untouched. However, this latest move is different as the coins were included in a hot wallet on the exchange, which allowed for a quick sale. This difference is important because it indicates a change in strategy or the owner’s need to manage his crypto assets.

Market watchers and traders note this difference: one action keeps the coin on the blockchain, while the other puts it within reach of the order book. It is not yet known whether the owner will sell some or all of the 300 BTC, but the presence of these funds on Binance allows for a quick sale and may affect the market price.

Market Movements and Fund Flows

Bitcoin (BTC) price managed to recover to around $115,000 on Monday, after dropping to $102,000 on Friday. The drop triggered billions of dollars in liquidations and left traders on high alert. Based on recent data, ETFs have recorded inflows of $2.7 billion over the past week, and institutional demand remains strong despite the volatility.

The current market calm is still fragile; a large sell order from a long holder can quickly change the short-term supply dynamics. Investors and analysts are constantly monitoring market indicators to anticipate possible changes and prepare their strategies according to the changing market conditions.

Conclusion

Major movements in the Bitcoin (BTC) market are always a major concern for market participants. The next decision of the owners of these old wallets will largely determine the direction of the market in the near future. Whether this will be the start of a selling trend or just an asset move, time will tell.

Also Read: 3 Reasons Bitcoin’s Rise to $125,000 Could Be Delayed – Watch Out For These Signals!

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