Dormant Bitcoin wallet moves 2,931 BTC worth about $188 million after seven years
The 2018-era coins were moved in two transfers to an unlabeled second-hop address with no outbound activity, as analysts monitored whale-led exchange inflows for possible selling pressure.
The Whale Alert X post confirms 191,806,130 USDT (~$191.7M) transferred from an unknown wallet to Bybit on 2026-07-13, matching the claim's figure ($191.8M). The Whale Alert transaction page verifies the underlying Ethereum on-chain transfer to a Bybit-labeled address. Cryptobriefing independently corroborates both the amount and the Global Assets Fest timing context. All primary indicators align with the claim.
A Bitcoin wallet dormant for seven years moved 2,931 BTC worth about $188 million, reviving coins last active when Bitcoin traded near $6,500. Arkham said the funds were first transferred from wallet “356my” to a new address, “bc1qn,” and then moved again to an unlabeled second-hop address, where they remained with no outbound transaction at the time of reporting. While the transfers do not confirm a sale, they drew attention as analysts tracked elevated whale-driven exchange inflows and the potential for added market supply from long-inactive holders.
- exchange whale ratio: A metric showing how much exchange inflow is driven by the largest transfers, used to gauge whale activity.
- second-hop address: A wallet address that receives funds after an initial transfer.
- Satoshi-era holder: A Bitcoin owner whose coins date back to the network’s earliest years.