On-chain data shows a massive movement from Satoshi Era Bitcoin whales, moving 20,000 BTC worth a staggering $2.12 billion in the past few hours. After waking up from 14 years of dormancy, this whale movement raises concerns about whether this is an ordinary wallet transfer or the preparation for a major BTC selloff. BTC price is currently trading around $109,000 levels, as investors wait on the edge for the next directional move.
Dormant Bitcoin Whales from the Satoshi Era Wake Up After 14 Years
After 14.4 years of dormancy, a Satoshi-era Bitcoin wallet woke up, transferring a total of 20,000 Bitcoins. As per the data from BitinfoCharts, the Bitcoin whale address NY8gD…. deposited 10,000 BTC worth $1.09 billion, to a new address TSmxj… Within an hour of this transaction, the whale moved out 10,000 BTC to another address ECyqH… This development comes as Bitcoin price flirts around $109,000, with investors confused over the next directional move, either to $90K or $140K.
As per the BitInfoCharts data, the Satoshi wallet NY8gD…. originally received the BTC on April 3, 2011, when Bitcoin was priced at just $0.78, making the initial purchase worth just $7,805. As a result, the Bitcoin whale is already sitting on a staggering 140,000x profit on the original investment. Such whale activity often sparks speculation across the crypto market regarding potential selling pressure or strategic repositioning.
Bitcoin Long-Term Holders Show Strength, ETF Inflows Continue
Although the Satoshi-era Bitcoin whales sparked market excitement, blockchain analytics platform Glassnode reported that long-term BTC holders hold a record of 14.7 million BTC. Furthermore, it added that these holders are less likely to sell, since they have purchased most of the Bitcoins at $100K breakout. This suggests reduced downside risk and a greater upside potential from here. Furthermore, with Trump’s ‘Big Beautiful Bill‘ getting a go-ahead, these whales are even less like to sell.
On the other hand, spot bitcoin ETF inflows have continued at a greater strength, with another $601 million coming on Thursday, July 3. Fidelity’s FBTC dominated the inflows yesterday at $237 million, followed by BlackRock’s IBIT at $222 million. BlackRock’s IBIT has been smashing records, reaching close to 700,000 BTC holdings, and is among the top three of 1,197 BlackRock ETFs, among revenue fee generation.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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