- A dormant Bitcoin whale transferred $250M in BTC after eight years.
- Bitcoin (BTC) trades at $84,319, with a market cap of $1.67T.
A long-dormant Bitcoin whale has resurfaced, transferring over $250 million in BTC after more than eight years. Blockchain analytics firm Arkham Intelligence detected the movement late last night.
The whale initially acquired Bitcoin in late 2016 and held it in a single address for nearly a decade. At the beginning of 2017, the holdings were worth only $3 million. Due to BTC’s price surge over the years, the same assets are now valued at over $250 million.
$250M BITCOIN WHALE WAKES UP AFTER 8 YEARS
A Bitcoin Whale that has held BTC since late 2016 has just moved over $250M in BTC last night.
His Bitcoin stack went from $3M in early 2017 to over $250M today – and he’s held Bitcoin on one address for over 8 years. pic.twitter.com/RF1aewYVgy
— Arkham (@arkham) March 22, 2025
Large movements from dormant wallets often spark speculation. Some believe the whale could be preparing to sell, while others suggest fund reallocation. Such transfers can influence market sentiment, especially if funds move to exchanges.
Adding to market concerns, the Bitcoin Exchange Whale Ratio has spiked to levels not seen since last year. This metric measures the share of large holders in total exchange inflows. A rising ratio indicates increased whale activity, signaling potential selling pressure.
Bitcoin in Today’s Market
Bitcoin is trading at $84,319.64, reflecting a 0.11% gain over the past seven days. The market cap stands at $1.67 trillion, with a fully diluted valuation (FDV) of $1.77 trillion. The 24-hour trading volume surged to $9.26 billion, indicating a 44.74% increase in activity.
Bitcoin faces resistance at $87,000. If it breaks above this level, it could surge toward $90,000. On the downside, support is at $82,500. A drop below this could push BTC toward $80,000. The RSI is at 52.35, indicating neutral momentum. The RSI moving average is 49.84, suggesting a slight upward trend.
The Chaikin Money Flow (CMF) is -0.21, signaling weak buying pressure. If this continues, Bitcoin might struggle to sustain its current price level. Bitcoin’s 50-day moving average is above the 200-day moving average, showing a bullish crossover in the past. However, recent price fluctuations suggest a slowdown in momentum.
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