Bitcoin (BTC) wallets that had been dormant for 14 years have recently awakened simultaneously, with assets worth approximately 2.751 trillion won (2 billion dollars) confirmed to have been moved. This movement occurred from old whale addresses, with each wallet holding over 10,000 BTC (approximately 1.39 trillion won).
According to on-chain analysis firm Lookonchain, last Friday, one wallet moved 10,000 BTC, followed by a second whale wallet executing a similar-scale transfer. These wallets were all created in April 2011, when Bitcoin was trading at around 1 dollar per coin, representing a profit of over 100,000 times the original price.
This event is drawing attention in conjunction with Bloomberg's recently reported 'Bitcoin Power Shift (The Great Switchover)'. According to 10x Research, Bitcoin whales who have been holding for a long time have dumped over 500,000 BTC (approximately 69.5 trillion won) in the past year. They are analyzed to be pursuing *asset diversification* by moving some funds to stock markets.
Particularly, these whales are entities with anonymity and structural advantages such as early miners, offshore hedge funds, and asset management firms registered in tax havens, which is raising market uncertainty. Despite the recent increase in institutional investor demand for Bitcoin, the continued large-scale selling is limiting price rebounds.
This massive transfer demonstrates that liquidity variables and psychological resistance still exist in the market, even as Bitcoin is being re-examined as a safe asset. Bitcoin's current trading price is around 109,000 dollars (approximately 151.51 million won).
Meanwhile, the market anticipates that these whale movements will further fuel demands for enhanced anti-money laundering measures and institutional transparency. The destination and background of these Bitcoin wallets awakened after 14 years are drawing global investors' attention.
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