200,000 ETH Revived From 8-Year Dormant Bitfinex Addresses
LookIntoChain data shows two Ethereum addresses linked to Bitfinex, dormant for over eight years, have transferred a combined 200,000 ETH (approx. $7.85 billion) into new wallets. On-chain provenance confirms the funds’ origin, and subsequent custody analysis reveals these balances are now aggregated across eight wallets holding 736,316 ETH (around $28.9 billion). This large-scale consolidation reflects significant long-term holding behaviour rather than retail dispersion. Traders and institutional compliance teams should monitor potential shifts in liquidity and wallet consolidations, as such movements can signal future staking, margin activity, or selling pressure. Ongoing on-chain analytics remain crucial for tracking these developments.
Neutral
The reactivation and consolidation of 200,000 ETH from long-dormant Bitfinex addresses, without immediate exchange withdrawals or sales, suggests strategic repositioning rather than imminent selling. Similar past events saw minimal price impact when whales moved funds internally. In the short term, market stability is likely to persist absent significant outflows. Over the long term, traders and institutions will watch on-chain indicators—such as further consolidations or transfers to exchanges—to gauge potential liquidity shifts and selling pressure.