14-year-old BTC whale transfers $2.3B to Galaxy Digital

– A Bitcoin whale, inactive for 14 years, transferred 40,009 BTC ($4.68B) to new wallets this month, sparking sell-off concerns.

– The whale moved 9,000 BTC ($1.06B) to Galaxy Digital and later 7,823 BTC, totaling 40,009 BTC, raising market anxiety over potential sales.

– Another dormant wallet moved 1,042 BTC ($122.5M) after six years, adding to fears of liquidations as Bitcoin trades near $118K.

– Transfers to exchanges like Binance could trigger short-term volatility if the full 40,000 BTC is sold, though current prices remain stable.

https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whale-moves-40-009-btc-worth-4-68-billion-14-years-2507/