Key Takeaways
- Roughly $2.4 billion in Bitcoin was sent to a new wallet on Monday by the same whale behind the recent 80,000 BTC transfers.
- None of the transferred Bitcoin has reached exchanges so far, but the renewed activity has raised concerns about potential selling pressure.
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The Bitcoin whale behind the recent 80,000 Bitcoin transfers sent about $2.4 billion in Bitcoin to a new wallet on Monday, according to on-chain data tracked by Lookonchain.
The Bitcoin OG who previously transferred 80,009 $BTC($9.68B) out after 14+ years of dormancy is moving $BTC again.
So far, he has transferred 20,009 $BTC($2.42B) from two of his wallets to a new wallet “bc1qmu”. pic.twitter.com/NgthaiG2Gl
— Lookonchain (@lookonchain) July 14, 2025
Although no Bitcoin has been sent to exchanges yet, the large transfer has reignited fears of looming selling pressure. With Bitcoin currently trading above $119,000, there’s speculation that the entity may be preparing to realize profits from long-held assets.
Still, there’s a possibility that the investor may be restructuring his storage setup.
As previously reported by Crypto Briefing, the Bitcoin whale resurfaced on July 4 after 14 years of inactivity and transferred 80,000 BTC across multiple transactions.
Bitcoin reached a new record high above $123,000 early today before retreating. The asset was trading at around $119,600 at the time of publication, per TradingView.
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