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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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A Bitcoin whale that has been dormant for ten years awakens! Transferred out 3,000 BTC for a profit of 34,548%. Is market selling pressure coming again?
On-chain data shows that another Bitcoin whale, which has been dormant for nearly 10 years, has awakened! This whale transferred 3,000 Bitcoins in one go, worth up to 348 million USD. (Background: "The 80,000 Bitcoin whale's dumping is coming to an end? 68,000 BTC have been cleared, Galaxy Digital has transferred another 3,715 BTC") (Background info: Is the Bitcoin whale going to dump again? A BTC wallet that has been dormant for 14.5 years wakes up: holds 3,962 BTC, with a return rate of up to 370,000 times) Bitcoin.com News reported late yesterday (7th) on social platform X that the Bitcoin blockchain welcomed another dormant whale awakening at Block Height 908992. On-chain data shows that this whale transferred 3,000 Bitcoins at once, worth up to 348 million USD. A sleeping bitcoin whale just moved $348M worth of BTC after nearly a decade. • 3,000 BTC moved from 2015 wallets. • Split across 30 new addresses. • Gained 34,548% since Nov. 2015. — Bitcoin.com News (@BTCTN) August 7, 2025 10-year return of 340 times Bitcoin.com News further pointed out that these 3,000 Bitcoins were dispersed across 30 crypto wallets, each wallet holding exactly 100 Bitcoins. Meanwhile, these wallets were funded on November 10, 2015, when the closing price of Bitcoin was only $336 per coin, totaling about $1.008 million. Now, as Bitcoin has surged to nearly $120,000, the market capitalization of this batch of Bitcoins has skyrocketed to $348.72 million, resulting in a 10-year return rate of up to 34,548%. Source of the image: Btcparser.com Is the market facing selling pressure again? It is worth mentioning that recently, several ancient whales have awakened and liquidated their Bitcoin holdings. For example, an ancient Bitcoin whale holding 80,000 coins (worth $9 billion) completed its dump through Galaxy Digital. However, Bitcoin.com News pointed out that unlike the transfer patterns of other awakened Bitcoin whales in the past two months, this whale did not consolidate its funds into a single account but again dispersed its Bitcoins into multiple P2WPKH (Pay-to-Witness-Public-Key-Hash, a format of Bitcoin wallet address specifically designed for SegWit) wallets. Therefore, this method of decentralized transfer leads outsiders to speculate that this whale may continue to hold Bitcoin, and the transfer of funds is merely seeking greater security. However, some have pointed out that the whale may also intend to reduce tracking difficulty by decentralizing funds or preparing for subsequent dumping, and the market may face short-term selling pressure risks. Related reports Trump will allow 401(k) retirement funds to invest in Bitcoin! Vice President Vance: Soon, 100 million people in the U.S. will own BTC Cathay United Bank can now hold Bitcoin! The first round of trials approved, targeting high-net-worth clients Opinion: Proposing with Bitcoin, more eternal than diamonds? Generation Z has already awakened <Sleeping Bitcoin whale wakes up after ten years! Transferred 3,000 BTC with a profit of 34,548%, is market selling pressure coming again?> This article was first published in BlockTempo, the most influential blockchain news media.