Dormant Bitcoin Wallet Moves $18.46M to Binance After Three Years

Dormant Bitcoin Wallet Moves $18.46M to Binance After Three Years

After years of inactivity, whales are making notable market moves, with one shifting millions in Bitcoin from Binance while retaining sizable holdings.

BTC

Fact Check
The assessment is primarily based on a single, highly authoritative source. The first source is identified as the research page for Arkham Intelligence, a reputable blockchain analytics firm, and is described as a "primary source for data-driven reports on specific on-chain transactions, such as dormant whale wallets moving funds." This source has the highest authority rating (0.95) and high relevance (0.80), strongly suggesting it contains direct evidence supporting the statement. While other sources are provided, they are either irrelevant, discuss different transactions with different dormancy periods, values, or cryptocurrencies (e.g., an 8-year dormant wallet moving funds to OKX, or an Ethereum wallet), or are general news feeds. Crucially, none of the provided sources contradict the specific details of the claim. The weight of the evidence from the most credible source, combined with the absence of any conflicting information, makes the statement very likely to be true.
    Reference12
Summary

On December 26, Whale 3JFgQr withdrew 181 BTC, valued at about $15.8 million, from Binance following a three-year dormancy, according to Lookonchain. This follows a December 12 transaction where a long-inactive address moved 200 BTC worth $18.46 million to Binance. The address had originally acquired 400 BTC at $24,500 each, with total costs near $9.8 million, leaving over $27 million in unrealized gains across remaining holdings. These transactions highlight increased activity from dormant whales still holding substantial Bitcoin reserves.

Terms & Concepts
  • BTC: Abbreviation for Bitcoin, a decentralized digital currency operating on a peer-to-peer network.
  • Binance: A major global cryptocurrency exchange offering trading, staking, and various blockchain-related services.
  • Unrealized profit: Potential gain on an asset based on current market value, without selling or closing the position.