Bitcoin Whale Wakes After 14 Years Dormant, Transfers 1,000 BTC (≈$89M) to a New Wallet
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COINOTAG News, December 6, reported by LookIntoChain monitoring, a prominent BTC whale address ending in 1Au1uZ awakened from a 14-year dormancy and transferred 1,000 BTC to a new wallet four hours ago. The on-chain move, valued at about $89 million at current prices, underscores ongoing activity and liquidity dynamics in the Bitcoin market, drawing attention from traders and institutions tracking large-scale disposition of custody-ready coins.
Originally, the 1,000 BTC were acquired about 14 years ago when Bitcoin traded near $3.88 per coin, a cost basis of roughly $3,883. This context highlights patient capital within crypto markets and the implications of long-dormant wallets reactivating.
Analysts will monitor subsequent on-chain movements for any additional reallocation signals. From a market-structure perspective, such activity reinforces the importance of durable custody and risk controls, while highlighting the role of whale flows in near-term liquidity and market sentiment.