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07/16 12:19

6-Year-Old Dormant Whale Sparks Bitcoin Price Cras

6-Year-Old Dormant Whale Sparks Bitcoin Price Crash Concerns

In an X post, on-chain analytics platform Lookonchain highlighted the emergence of a 6-year-old dormant wallet. A Bitcoin whale with wallet address ‘16yr3M’ has moved out of dormancy, transferring 1,042 BTC worth $122.54M  at the current Bitcoin price. Lookonchain notes that the whale received these tokens from Brains Mining and Xapo Bank 6 years ago.image-2025-07-16T123757.webp

At that time, Bitcoin was worth just $8,746, marking a 1243.64% increase today. Notably, many Satoshi-era whales also emerged recently, one moving $2B worth of tokens in the last few days alone. CryptoQuant also noted the increase in the Bitcoin exchange inflows, creating crash concerns.Bitcoin-Exchange-Inflows.jpg
Notably, with the news breakout of $122.54M move, the performance of Bitcoin declined, as the investors became cautious of the whale’s move. Besides, BTC has been struggling since yesterday due to other whales’ sell-off activities, CPI data release, and other factors.
#HTX 12th-Anniversary Carnival#BTC price hits a new high of $120,000! #Check In to Win a 20g Gold Bar#Do you think DELOREAN is promising?#Trump family backs TRON's US listing
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