Bitcoin Whale Wallet Worth $115 Million Wakes Up After 10 Years, Sells $16 Million as Old Whales Begin Offloading Holdings

A Bitcoin whale wallet containing 1,701 BTC ($115 million) woke up after 10 years of dormancy and transferred out 246 BTC ($16.73 million).

The whale wallet originally received over 4,000 BTC in 2013 at an average price of $29.

Reactivation of old dormant whale wallets often indicates plans to sell part or all of their Bitcoin holdings.

50 BTC were sent to one new private wallet and 195 BTC to another from the old whale wallet.

Another whale wallet has accumulated over 1,300 BTC ($90 million) since March at an average price of $68,617, recently buying more from Binance.