Individuals or entities holding a huge amount of Bitcoin (BTC) carry out major transactions in an appendix of 80,009 btc worth approximately $9.46 billion.
The activity unfolds as Bitcoin hits a new all-time high (ATH) of $123,100, raising concerns that a long-term wallet may be preparing to make a profit.
Will Satoshii Gill Whales cash when Bitcoin reaches its peak?
This early July, Beincrypto reported that a cluster of Bitcoin wallets, which holds over 80,000 BTC, (remaining in the mystical whales of the Satoshi era), moved after 14 years of inactivity.
Now, on July 15, 2025, Lookonchain reported that the whale had performed two large transactions. One moved 9,000 btc ($1.06 billion) and the other moved 7,843 btc ($927 million) to Galaxy Digital, a commercial trading company.
Galaxy Digital has transferred 2,000 of these BTCs to centralized exchanges Bybit and Binance. These transfers raised concerns about potential divestitures. Shortly afterwards, Bitcoin price corrected more than 5%, dropping to $116,900.
“This is 14. It’s my first cash out in three years,” commented the chain spot.
The whale movement spiked Bitcoin’s “Coin Days Destroyed” metric in July. Historically, this is one of the most reliable on-chain signals used to identify corrections or inversions after a long-term price rise.
Whale activity surges as Bitcoin reaches ATH
Meanwhile, analyst CrazzyBlockk used encrypted data to observe a surge in whales’ activity regarding binance. He noted that the value of transactions exceeding $1 million now accounts for more than 35% of all Bitcoin inflows into the exchange.
His findings are consistent with recent actions by his old wallet. According to him, age data for recent exchange deposits shows that much of these influx comes from old coins. He proposed two potential scenarios behind this move.
“This surge in deposits suggests that large investors are preparing for two possible scenarios.
Profit – Acquisition – Secure profit after a historic run. Speculation – Take advantage of the deep liquidity of the exchange to hedge or open new positions within peak volatility.
In any case, the presence of such “sell-side” pressure at major trading venues in the market increases the risk of sharp price fluctuations. ” – CrazzyBlockk explained.
Bitcoin appears to be caught up in a fierce tug of war right now. On one hand, there are legacy wallets that could potentially benefit from more than a decade later. Meanwhile, institutions and publicly listed companies are actively accumulating.
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