After more than eleven years, a dormant Bitcoin whale has moved its holdings for the first time, transferring approximately 1,000 BTC worth approximately $116.6 million. This is according to on-chain data from Lookonchain.
The entire Bitcoin holdings were distributed among four new addresses, suggesting that the coins were either being prepared for relocation or a potential sale.
The wallet received 1,000 Bitcoin in January 2014, when the price was around $847 per BTC, and has been inactive since then. The increase in value since 2014 is enormous: what was then an equivalent of around $847,000 has become over $116 million.
A whale transferred all 1,000 $BTC($116.88M) to new wallets after 12 years of dormancy.
The whale received 1,000 $BTC($847K at the time) 12 years ago, when the price of $BTC was $847.https://t.co/ugNQypaX8e pic.twitter.com/Yee2Pa410l
— Lookonchain (@lookonchain) September 17, 2025
Analysts are closely monitoring such movements of Bitcoin wallets that have been inactive for years, as they could pose a potential risk of being sold.
In July, a Satoshi-era whale sold more than 80,000 Bitcoin, valued at over nine billion US dollars, via Galaxy Digital. As a result of this massive sell-off, the Bitcoin price fell significantly. At the same time, some whales are not selling their holdings but are instead shifting portions of their Bitcoin into Ethereum.
According to Bitcoin analyst Willy Woo, the current market cycle is slower than previous phases. This is because a large portion of the supply is controlled by a few whales, who are increasingly beginning to convert their profits into fiat.
The Bitcoin price is currently hovering around the $117,000 mark, while investors are eagerly awaiting today’s Federal Reserve meeting. The market is expecting an interest rate cut of between 25 and 50 basis points, which could provide additional momentum, particularly for risk-on assets such as BTC and altcoins.
