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- A dormant Bitcoin wallet moves 300 BTC to Binance after a year, raising market watch.
- Whale activity grows as large holders buy, sell, and reactivate long-idle BTC wallets.
- Bitcoin miners shift strategy, selling holdings to manage costs and liquidity needs.
A dormant Bitcoin wallet has shifted 300 BTC, which is worth more than $20 million, into Binance recently. This particular wallet has remained dormant for almost a year following its accumulation of 513 BTC from January and March 2025.
The blockchain analytics firm Lookonchain highlighted the transfer on X. According to the data, the average purchase cost for BTC is approximately $97,542. At present, the investor is experiencing an unrealized loss of around $14.76 million.
Large Bitcoin Transfers Spark Short-Term Market Uncertainty
Large transfers to exchanges often raise concerns about selling pressure. However, the wallet owner’s exact intent has not been confirmed. Such moves can still influence short-term price action and trader sentiment.
Arkham Intelligence data shows the same wallet still holds around 200 BTC. This remaining balance is valued at roughly $13.75 million. The activity fits a broader pattern of dormant wallets becoming active again.
Whales have recently been more active within the Bitcoin market. A whale purchased 2,656 BTC in eight days through a dollar cost averaging strategy. This approach spread purchases across multiple sessions to manage entry prices.
According to Lookonchain, the same whale has bought 500.78 BTC worth $37.16 million. The average price of buying 500.78 BTC is roughly $74,200 per coin. From March 10 onwards, the wallet has spent $191.43 million.
Also Read: Solo Bitcoin Miner Hits $210K Jackpot With Near Impossible Odds Win
Bitcoin Miners Shift Strategy Amid Rising Market Pressures
In addition, other inactive wallets have resumed their transactions. One wallet holding 2,100 BTC made a move after remaining inactive for 13 years. In another transaction, a Bitcoin whale moved Bitcoin, having a market value of $33 million, to Binance.
Miners are making changes in their moves based on current conditions. MARA Holdings transacted 250 BTC worth approximately $17.37 million. The firm has previously transacted over 15,000 BTC between March 4 and March 25.
The transactions were worth approximately $1.1 billion. Miners are adopting new approaches to cope with operating expenses and liquidity. This is contrary to previous strategies, which involved keeping BTCs over long periods of time.
At press time, Bitcoin is trading at $68,912. The price has declined by 1.15% within the past 24 hours, according to CoinMarketCap data. The price remains 45% lower than the all-time high of $124,900 hit in October 2025.
Also Read: South Korea Pushes Crypto Exchanges to Verify Holdings Every 5 Minutes
