Key Highlights:
• 14-year dormant wallet awakens, moving 40,009 BTC to Galaxy Digital
• $706M transferred to Binance and Bybit, but experts caution against panic
Paradisers! A long-dormant Bitcoin whale has stirred after 14 years, moving a staggering 40,009 BTC worth $4.7 billion to crypto exchange Galaxy Digital on Monday evening. Blockchain sleuths quickly spotted follow-up transfers of 6,000 BTC (~$706 million) to Binance and Bybit, prompting fears of a large-scale sell-off. But not so fast.
This wallet, active last in 2011 during the so-called Satoshi Era, still retains another 40,000 BTC in private cold wallets. Analysts are now urging caution against assuming these transactions equal an immediate dump.
The massive BTC shift was split across eight transactions, with the largest transfer alone exceeding $500 million, according to Arkham Intelligence. The renewed whale activity comes when Bitcoin was trading above $113,000, with the move likely timed amid fresh all-time highs.
While the movement to centralized exchanges might traditionally suggest prep for selling, The ParadiseTeam believes something else may be unfolding behind the scenes.
This tactic allows whales to hedge or exit without spooking retail traders or triggering cascading liquidations. Given Galaxy Digital’s infrastructure, which supports discreet large-volume trades via internal sub-accounts and market maker services, the move may be strategic rather than reactive.
The latest movement follows a July 4 event when another long-dormant address shifted $8 billion in 10-year-old BTC, marking one of the largest single-day Bitcoin transfers in history.
Why This Matters Right Now
The move comes amid a series of whale awakenings that eerily align with Bitcoin’s recent all-time highs. Just days ago, a $8 billion transfer of decade-old BTC was flagged, the largest daily movement of 10-year-old coins in Bitcoin’s history.
With BTC now above $117k, the stakes are high. Every whale splash could shift tides. But whales don’t panic; they plan. And if this one’s prepping for strategic OTC exits, it’s likely trying to maximize liquidity without triggering slippage or triggering widespread fear.
What MCP Will Cover Next
We’ll break this exact story down in our next YouTube stream, including:
- What this whale could be planning next
- How OTC whale moves affect public order books
- What price levels are key to watch if selling actually begins
MCP News Private will follow up with real-time insights and expert positioning advice. If you’re serious about protecting your crypto gains, or at least curious about what moves the invisible hands behind the scenes, now’s the time. It’s $3/month, less than the cost of that mystery surcharge on your Uber receipt, and infinitely more transparent.
Whales don’t dump. They disappear into the deep, quietly, profitably, and ahead of retail. The real selloff? That happens when you ignore the shadows.
