A dormant Bitcoin whale has reawakened after eight years, transferring 400 BTC worth approximately $34.92 million to OKX. The move generated a profit of $30.4 million for the investor. A whale deposited 400 $BTC, worth $34.92M, into OKX after being dormant for 8 years, making a profit of $30.4M. The wallet had not been active since the initial purchase of the Bitcoin, which indicates that the investor has been holding the coins throughout the years.
The coins were initially purchased for around $4 million, and the recent transfer brought in $34.92 million. This move has resulted in a profit of $30.4 million for the whale. The investor’s long period of inactivity raises the possibility of a large sell-off, which could influence Bitcoin’s price and overall market sentiment. The reappearance of dormant Bitcoin whales suggests a shift in investor sentiment, with further market movements expected.
The movements from dormant Bitcoin whales have the potential to shake up the market, especially if large holdings are sold. If the whale that moved 400 BTC decides to liquidate their holdings, it could lead to increased selling pressure on Bitcoin. The timing of these movements, following the recent market crash, may suggest that these investors are capitalizing on the volatility to adjust their positions. Since early December, large Bitcoin holders have offloaded approximately 36,500 BTC, valued at around $3.37 billion.
This activity has been noted amid ongoing market volatility following the November 2025 crypto market crash. One wallet moved 200 BTC worth $18.5 million to Binance, while another withdrew 171 BTC. Just before this transaction, two other dormant Bitcoin wallets were active, transferring substantial amounts of Bitcoin.
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