Whale Moves Over 100,000 BTC From Decade-Old Bitcoin Wallets
Two decade-old Bitcoin wallets moved a combined 101,857 BTC (≈$10.28 billion) in separate on-chain transfers. On July 20, an anonymous whale shifted 81,857 BTC into three fresh addresses. Previously dormant since April 2011, two other wallets transferred 20,000 BTC. On-chain analytics firm Glassnode flagged the transfer as the largest daily shift of old Bitcoin ever recorded. Data from Lookonchain and CryptoQuant indicate these transfers reflect long-term whale accumulation rather than imminent selling. Despite the sizable outflows, Bitcoin held above $108,000, showing no immediate sell-off. Traders should monitor exchange inflows and on-chain metrics as market volatility may rise. Sustained whale accumulation and reduced sell pressure could support a bullish outlook with price momentum toward the $118,000 all-time high.
Bullish
Large transfers from decade-old Bitcoin wallets into fresh addresses signal whale accumulation and reduced selling pressure. On-chain metrics from Glassnode, Lookonchain and CryptoQuant confirm these moves reflect long-term holding rather than liquidation. Furthermore, Bitcoin’s price stability above $108,000 despite $10+ billion outflows underlines strong demand. While such massive on-chain transfers can trigger short-term volatility, sustained whale activity and limited exchange inflows are likely to support a bullish trend. Traders should watch for momentum toward the $118,000 all-time high as confidence in Bitcoin’s resilience grows.