The Bitcoin whale that has been dormant for ten years wakes up! Transferring 3,000 BTC made a profit of 34,548%. Is the market selling pressure coming again?
On-chain data shows that another Bitcoin whale has awakened after sleeping for nearly 10 years! The whale moved 3,000 Bitcoins in one go, worth a whopping $350 million.
(Preliminary summary: The "80,000 Bitcoin whale" dumping is coming to an end? 68,000 BTC have been cleared, and Galaxy Digital has transferred another 3,715)
(Background supplement: The Bitcoin whale is dumping again? The BTC wallet that has been dormant for 14.5 years wakes up: holding 3,962 BTC, with a return rate of 37 Ten thousand times)
Bitcoin.com News posted on social platform On-chain data shows that the whale transferred 3,000 Bitcoins in one go, worth up to $350 million.
šµļøāļøš° A sleeping bitcoin whale just moved $348M worth of BTC after nearly a decade.
ā¢ 3,000 BTC moved from 2015 wallets.
ā¢ Split across 30 new addresses.
ā¢ Gained 34,548% since Nov. 2015.ā Bitcoin.com News (@BTCTN) August 7, 2025
10-year return 340 times
Bitcoin.com News further pointed out that these 3,000 Bitcoins are dispersedly stored in 30 Cryptocurrency wallets each hold exactly 100 Bitcoins. Meanwhile, the wallets were initially funded on November 10, 2015, when Bitcoin closed at just $336 per coin, for a total value of approximately $1.008 million. Now, as Bitcoin has risen to nearly $120,000, the market value of these Bitcoins has soared to $348.72 million, with a 10-year return of 34,548%.
Is the market facing selling pressure again?
It is worth mentioning that many ancient whales have recently awakened and sold out their Bitcoin holdings. For example, the ancient whale holding 80,000 Bitcoins (valued at US$9 billion) completed the shipment through Galaxy Digital.
However, Bitcoin.com News pointed out that unlike the transfer patterns of other awakened Bitcoin whales in the past two months, this whale did not consolidate the funds into a single account, but dispersed the Bitcoins again into multiple P2WPKH (Pay-to-Witness-Public-Key-Hash, a format for Bitcoin wallet addresses, designed for SegWit) wallets. Therefore, this decentralized transfer method has led to speculation that the whale may continue to hold Bitcoin and transfer funds simply to seek greater security.
However, some people pointed out that the giant whale may also intend to reduce the difficulty of tracking by diversifying funds, or prepare for subsequent shipments, and the market may face the risk of short-term selling pressure.
