---
title: "Bitcoin Whale Address Activates After Decade, Transfers $37.8M Worth of BTC"
url: https://diffcoin.com/bitcoin-whale-address-activates-after-decade-transfers-37-8m-worth-of-btc/
description: "The reason behind the fund transfer is not known."
published: 2023-06-08
updated: 2023-06-08
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Whale Address Activates After Decade, Transfers $37.8M Worth of BTC

A Bitcoin whale – that has been dormant for more than 10 years – woke up from slumber to transfer the entire stash of the crypto-asset on June 8th.

- According to [data](https://twitter.com/lookonchain/status/1666679589421338626) from the on-chain analytic platform Lookonchain, 1,432.93 BTC, worth around $37.8 million, were moved to a new address, “bc1psv.”
- The whale, who ‘hodled’ for more than a decade, appears to have received 1,432.92 BTC on April 9, 2013, when the price of Bitcoin was trading near $195.4.
- The latest movement of age-old dormant BTC holdings follows a series of similar transfers over recent months.
- It’s hard to determine if the whales’ convictions have changed in the bear market and whether these movements are related to the selling of Bitcoin or simply personal custodial practice.
- In April, a Bitcoin wallet that stayed dormant for over nine years transferred 2,071.5 BTC (worth more than $60 million). The whale address received a total of 6,071.5 BTC at the end of 2013 when Bitcoin’s price hovered near $663.
- During the same period, another long-term BTC HODLer whose stash remained untouched for 12 years transferred 400 BTC (equivalent to approximately $11 million) to numerous addresses.
- Meanwhile, a recent analysis by Glassnode [revealed](https://twitter.com/glassnode/status/1664951115614507015) that large BTC whales continued to aggressively accumulate the flagship crypto-asset despite its price being trapped in a rangebound trajectory.

> An interesting dichotomy across the Bitcoin Accumulation Trend Score persists, as the largest of Whales (>10K BTC) continue to aggressively accumulate, whilst all other major cohorts experience heavy distribution.

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