Dormant whale awakens after 8 years, moves $250m worth of Bitcoin: Arkham

**Dormant Bitcoin Whale Moves $250M After 8 Years of Inactivity**

A Bitcoin whale that had been inactive for eight years has suddenly moved over $250 million worth of BTC, according to blockchain analytics firm Arkham Intelligence.

### **Whale Moves Bitcoin After Years of Dormancy**

The wallet, which originally held Bitcoin worth just $3 million in early 2017, has seen its value surge to over $250 million. Arkham’s tracking dashboard shows that the whale executed two large transactions within the past 16 hours, each moving approximately 3,000 BTC. Before this, the Bitcoin had remained untouched in a single address for over eight years.

### **Bitcoin Bought at $1,000 Now Worth Millions**

Historical transaction data reveals that the Bitcoin in this wallet was accumulated in 2016, when BTC was trading around $1,000 or less. The recent transfers indicate a potential shift in strategy, but the destination of the funds remains unclear.

### **What This Means for Bitcoin’s Market Trends**

The movement of long-dormant wallets has become increasingly rare, highlighting the massive wealth creation experienced by early Bitcoin adopters. These transactions often spark market speculation about whether such whales are cashing out or repositioning their holdings.

Meanwhile, industry experts continue to debate the relevance of Bitcoin’s four-year market cycle. Tomas Greif, Chief of Product & Strategy at Braiins, has suggested that halvings may have less impact on supply over time. “As the majority of BTC has been mined, their effect is shrinking,” he noted, questioning whether the traditional cycle will hold in the future.

While the reason behind this whale’s sudden activity remains unknown, the movement of such large sums always attracts market attention, leaving traders to speculate on potential impacts.