- A 2013 era Bitcoin wallet moved 100 BTC to new addresses, leaving 591 BTC worth $73.67M untouched.
- Bitcoin hit a new all time high above $126,000 as whale activity and institutional demand intensified.
- Coinalyze data showed $45.7M in BTC liquidations, with shorts facing the highest losses across exchanges.
A long dormant Bitcoin wallet holding early mined coins has reawakened after more than a decade, shortly after Bitcoin’s price reached a new all time high above $126,000. The wallet, active last in 2013, transferred 100 BTC valued at $12.49 million to two new addresses, according to Lookonchain.
The early holder originally acquired 691 BTC for only $92,000 when Bitcoin traded around $132. The movement comes amid intense volatility and significant liquidations across derivatives markets.
Satoshi Era Wallet Activity
Blockchain data shows the wallet’s reactivation after 12.5 years, leaving 591 BTC still untouched, worth about $73.67 million. Analysts note that such early addresses are uncommon, often linked to Bitcoin’s earliest accumulation and mining periods. Whale Alert also tracked the transactions, confirming the movement of coins to different addresses.
The reactivated wallet reportedly sold portions of its holdings at an average price of $125,056 per Bitcoin, marking an estimated 82,355% gain since the original acquisition. The total holdings from the address amounted to roughly $86.4 million in current value.
Whale Movements and Bitcoin Record Rally
The transfer coincided with Bitcoin’s climb to a new record, followed by consolidation near $124,000. This surge drew renewed attention from analysts observing whale behavior during market adjustments.
Within the same 48 hour period, another large holder transferred 1,550 BTC worth about $200 million to Binance. According to Matthew Sigel, VanEck’s Head of Digital Asset Research, exchanges have been facing tightening supply conditions.
Sigel stated that VanEck received direct inquiries from trading platforms seeking to purchase Bitcoin, indicating growing institutional demand and reduced exchange reserves. These observations align with the broader rise in spot market activity amid Bitcoin’s record setting rally.
Increased Market Volatility
Meanwhile, Coinalyze data showed $45.7 million in Bitcoin liquidations over the past 24 hours. Perpetual contracts accounted for $44.3 million of the total, while futures added $1.4 million.
Short positions saw heavier losses, with $32.6 million liquidated compared to $13.1 million in long positions. Across exchanges, Bybit recorded the highest liquidation volume at around $18 million, followed by Binance with $13 million and OKX with $9 million.
Huobi saw about $5 million, while BitMEX and Bitfinex reported smaller activity. The data reflects notable volatility across Bitcoin’s derivatives markets, particularly as prices remain elevated near record highs.
