Bitcoin OG Whale Moves 3,000 BTC After Five-Year Dormancy
A dormant Bitcoin OG whale known by wallet address 19D5J8 revived activity by transferring 3,000 BTC (about $353 million) out of its 23,969 BTC holdings ($2.82 billion) to a new wallet. The on-chain analytics firm Lookonchain spotted the transfer on X, marking the whale’s first move after five years of inactivity. Such Bitcoin whale transfers can impact market liquidity and volatility, prompting crypto traders to watch for signals of renewed profit-taking or accumulation. This high-value BTC transfer highlights the importance of monitoring whale activity in crypto trading strategies.
Neutral
The transfer by the Bitcoin OG whale to a new wallet suggests repositioning rather than selling. Since the funds did not move to an exchange, there’s no immediate sell pressure on BTC prices. Historically, whale transfers to cold wallets or new addresses often indicate a hold strategy, which can be neutral or mildly bullish long-term. In the short term, market volatility may rise as traders react, but without exchange inflows, the overall impact remains neutral.