Whale watching 🐋

A Satoshi-era Bitcoin wallet just woke up after a 14-year slumber—and moved $4.7 billion worth of BTC to an exchange. Could it indicate a sell-off—or something more?

Author

Stephen Graves
July 15, 2025

📝 What you need to know

With the crypto market experiencing a pullback following Bitcoin’s all-time high earlier this week, attention is shifting (nervously) to crypto whale movements.

So it was with a degree of trepidation that blockchain sleuths noted that a Satoshi-era Bitcoin wallet had woken from a 14-year sleep and shifted $4.7 billion worth of BTC to an exchange.

But wait! This isn’t necessarily a sell-off indicator. Instead, the whale may be trying to mask their on-chain activity and set themselves up for future deals, experts told Decrypt.

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