On-chain data reveals that a dormant Bitcoin whale has become active after nearly seven years, moving 2,043 BTC on the blockchain. According to CryptoQuant community analyst Maartunn in a recent X post, an old whale transaction has been detected using the Spent Output Age Bands indicator. This metric tracks the amount of BTC moved by addresses based on how long their coins have been idle.
The relevant age band here is 5 to 7 years, which includes tokens untouched since that period. A chart shared by Maartunn shows a sharp spike for this group, signaling that a significant amount of long-held coins have just been spent. The transaction involved 2,043 BTC, valued at approximately $140.8 million.
The analyst noted that the whale originally acquired these tokens on February 19, 2019, meaning they were dormant for nearly seven years. Maartunn added, “This unknown entity once held 39,000 BTC, originally received from Cumberland (OTC Trading Desk).”
The reason behind the whale’s sudden activity is unclear. It could be a reaction to recent bearish price trends, or simply a routine wallet change.
In other news, CryptoQuant author IT Tech pointed out that new investor inflows into Bitcoin have recently stalled. The 30-day capital netflow has turned negative, indicating that new demand is insufficient to offset selling pressure. “This behavior is consistent with early bear market conditions: contracting liquidity and narrowing participation,” the analyst observed. Currently, the 30-day cumulative capital netflow stands at -$2.6 billion.
Meanwhile, Bitcoin’s price continues to trade sideways around $68,900.
Frequently Asked Questions
Of course Here is a list of FAQs about a large dormant Bitcoin wallet becoming active written in a clear and natural tone
Beginner General Questions
1 What does 2043 BTC transferred after 7year dormancy actually mean
It means a digital wallet containing 2043 Bitcoins which had not made a single transaction for over 7 years suddenly sent all its coins to a new address Its like finding a safe full of gold bars that everyone forgot about and then someone suddenly moves it
2 Why is this a big deal
Its a big deal for a few reasons the amount is worth over 140 million it shows longterm holders are moving and it sparks speculation about why they moved it now after so many years
3 Who owns this Bitcoin
We dont know Bitcoin wallets are pseudonymousthey show as a string of letters and numbers The owners real identity is not public unless they choose to reveal it
4 Could this be Satoshi Nakamoto
Its extremely unlikely The transaction patterns and the specific wallet addresses involved dont match the known untouched wallets believed to belong to Satoshi This is more likely an early investor or miner
5 Will this transaction make the price of Bitcoin go down
Not necessarily If the owner is simply moving the coins to a new wallet for security it has no direct market impact However if they sell all 2043 BTC on an exchange at once that large selloff could temporarily push the price down due to increased supply
Advanced Technical Questions
6 How do people even know a wallet was dormant
Blockchain analysts and data firms use software to scan the entire Bitcoin blockchain They track the last activity date of every wallet and flag those that havent moved coins for many years This data is public for anyone to see
7 What are the main reasons a whale would move coins after so long
SecurityConsolidation Moving to a new more secure wallet
Estate Planning The assets are being transferred to heirs