Dormant Bitcoin Whale Moves $35M BTC After 8 Years, Realizing $30M Profit
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Whale Resurgence: A dormant Bitcoin wallet that had been inactive for eight years recently moved 400 BTC worth approximately $34.92 million, originally purchased for $4 million, resulting in an unrealized profit of over $30.4 million, indicating a resurgence of whale activity in the market.
- Market Attention: This transfer occurred amid pressure in the Bitcoin market, heightening scrutiny from analysts and traders regarding large transfers, as they often suggest an impending sell order, although it remains unconfirmed whether the 400 BTC will be sold.
- Increased Wallet Activity: Since early December, over 36,000 BTC (valued at more than $3.3 billion) has been shifted by large accounts, suggesting that long-term holders are becoming active, possibly in response to market volatility or for safekeeping.
- Changing Trading Strategies: Some traders are increasing short positions on BTC, ETH, and SOL while transferring funds, reflecting a cautious approach among experienced holders, which may indicate a shift in trading strategies.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






