400 BTC to Binance and 801.6 BTC from Dormant 2017 Addresses

Published: 2025-06-22 07:19:11 |

Over the past three days, dormant 2017 Bitcoin addresses have moved about 801.6 BTC (≈$83 million) after price dipped from $108,990 to $103,000. On June 22, a major Bitcoin whale transferred 400 BTC (≈$40.6 million) to Binance. Since April 3, this whale has offloaded around 6,900 BTC (≈$6.26 billion), retaining 3,100 BTC (≈$3.18 billion). Such large Bitcoin on-chain transfers by whales and long-inactive addresses can impact liquidity and market sentiment. Traders should monitor further whale activity for signals on short-term price momentum.

Neutral

These large Bitcoin transfers—801.6 BTC from long-dormant addresses and 400 BTC to Binance by a whale—inject significant liquidity and may signal profit-taking. In the short term, increased sell-side pressure could weigh on price momentum. However, sustained whale holdings (3,100 BTC) and Bitcoin’s firm support above $100,000 suggest no decisive trend reversal. Overall, the market impact is balanced between potential downward pressure and continued bullish conviction.