Bitcoin.com News reported late yesterday (7th) on the social platform X that the Bitcoin Block at Block height 908992 once again witnessed the awakening of a whale that has been dormant for nearly 10 years. On-chain data shows that this whale transferred 3,000 BTC in a single transaction, valued at as high as $350 million.
10-Year Return of 340 Times
Bitcoin.com News further pointed out that these 3,000 BTC were distributed across 30 cryptocurrency wallets, with each wallet holding exactly 100 BTC. These wallets initially received funds on November 10, 2015, when Bitcoin's closing price was only $336 per coin, with a total value of approximately $1.008 million. Now, with Bitcoin rising to near $120,000, the market value of these BTC has soared to $348.72 million, with a 10-year return rate of 34,548%.
Market Facing Selling Pressure Again?
It is worth mentioning that recently, multiple ancient whales have awakened and cleared their held Bitcoin, such as the Bitcoin ancient whale holding 80,000 coins (worth $9 billion), which was sold through Galaxy Digital.
However, Bitcoin.com News noted that unlike the transfer patterns of other awakened Bitcoin whales in the past two months, this whale did not consolidate funds into a single account, but instead dispersed Bitcoin again into multiple P2WPKH (Pay-to-Witness-Public-Key-Hash, a Bitcoin wallet address format designed for SegWit) wallets. Therefore, this dispersed transfer method suggests that the whale might continue to hold Bitcoin, with the fund transfer merely seeking greater security.
However, some also point out that this whale might be attempting to reduce traceability by dispersing funds or preparing for subsequent sales, potentially exposing the market to short-term selling pressure risks.
