New movements of Bitcoin whales

On December 1, one of the old Bitcoin wallets, inactive for 11.6 years, moved 11 BTC, equivalent to $1.07 million at the time of the transaction. This rare occurrence was quickly noticed by Whale Alert analysts.

The day before, on November 30, another veteran of the cryptocurrency market transferred 13 BTC (~$1.26 million) after 11 years of "silence." Interestingly, when these coins were received in 2013, their value was only about $5,850.

Large transfers

The same data from Whale Alert indicates even more significant activity. On November 30, an investor with a 10.9-year history of inactivity sent 429 BTC (approximately $41.7 million) to another address. However, contrary to expectations, the assets were not moved to centralized exchanges (CEX).

Why aren't whales selling?

According to CryptoQuant analytics, large holders (owners of over 1,000 BTC) act extremely cautiously. As per an expert, they are in no hurry to sell their holdings: the average daily inflow of bitcoins to exchanges from whales is only about 5,000 BTC. These are minimal volumes for such significant market participants.

What made November special?

In November, on-chain data highlighted the activation of a wallet that had been dormant since 2009. 2,000 BTC were transferred to a new address. Similar movements were observed earlier: in October, coins minted in 2009 worth $3.58 million, as well as 50 BTC (equivalent to $3.4 million), left their long-term addresses, indicating the awakening of old crypto assets.

What's next?

The trend of withdrawing large sums from centralized exchanges and slow sales by Bitcoin whales points to a growing interest in maintaining anonymity and protecting assets. However, what lies behind these movements — preparation for global market changes or something more concealed? This question remains open.