A Bitcoin whale that has been dormant for 12 years has transferred $39 million in bitcoin this month. This movement is causing a lot of buzz in the market. Traders are worried about possible price changes because large wallets often indicate major market shifts when they become active. The crypto community continues to speculate on what this transfer will result in.
Another Whale Moves BTC After 12 Years
Recently, there has been a rise in Bitcoin whale activity, causing both excitement and concern among investors. In early July, a wallet that had been dormant for 14 years moved 20,000 BTC, worth $2.18 billion. Just four days ago, another whale, which had been inactive since 2011, triggered a selloff panic, transferring 14,273 BTC, worth about $1.67 billion, to exchanges through Galaxy Digital.
These large transfers can create panic, as traders fear that whales might sell large amounts of Bitcoin on exchanges, which could lower prices quickly.
The crypto community tracks these transfers with tools like Whale Alert and Glassnode. For example, a transfer of 3,715 BTC worth $131 million to Binance in July 2025 raised concerns about a sell-off. Social media platforms like X fueled this worry, with many posts speculating about market effects.
Will Whale Movement Crash the Market?
History shows that big whale transfers can lead to price drops, like the 4.33% drop in Bitcoin following an $8.6 billion transfer. However, not all transfers lead to chaos; some whales move their Bitcoin to cold storage, meaning they plan to hold it for the long term.
Despite concerns about a market crash, the crypto market seems able to handle shocks from whale activities to avoid major downturns. High liquidity on exchanges like Binance and Coinbase helps cushion large sell-offs. For instance, in July 2025, a whale sold $9 billion in Bitcoin through Galaxy Digital, but the market stayed stable.
Additionally, over-the-counter (OTC) trading allows whales to sell without overwhelming public markets. These methods, along with an increase in institutional investment, help keep Bitcoin’s price steady even during significant sell-offs.
Bitcoin whales have a significant influence, and their actions affect the market. The $39 million transfer is a clear reminder of this power. As these old wallets reactivate, traders prepare for possible price swings but trust in the market’s strength.
