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A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as \u201c138EM\u2026ReyiT\u201d moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.<\/p>\n Arkham\u2019s data<\/a> showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.<\/p>\n The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin\u2019s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record high above $122,000 reached in October 2025, according to market price data. At that peak, the wallet\u2019s balance was worth about $726 million.<\/p>\n <\/p>\n While the movement has drawn attention, CoinDesk\u2019s onchain analysis said the Bitcoin was transferred to a newly created, unlabeled address rather than a known exchange deposit address, indicating there is no onchain evidence of an immediate public sale.<\/p>\n The report also noted that the coins moved from a legacy Bitcoin address beginning with \u201c1\u201d to a newer SegWit address beginning with \u201cbc1q.\u201d According to CoinDesk, large holders often reorganize assets to upgrade wallet formats, improve custody, rotate private keys, prepare estate transfers, or arrange over-the-counter transactions that do not reach public exchanges.<\/p>\n The latest transfer follows another dormant Bitcoin wallet that became active earlier this week after more than seven years. As previously repo<\/a>r<\/a>ted<\/a> by crypto.news, blockchain intelligence platform Arkham said a wallet moved 2,931 BTC worth about $188 million to a new address after remaining inactive since Bitcoin traded near $6,500.<\/p>\n Although neither transfer has confirmed selling activity, CryptoQuant has reported that whale-sized deposits continue to dominate Bitcoin exchange inflows. Its exchange whale ratio recently stood at 0.99, indicating that the 10 largest transfers accounted for nearly all Bitcoin deposited to exchanges.\u00a0<\/p>\n According to the firm, elevated readings have historically been associated with higher selling pressure because large deposits are more likely to precede sizable sales.<\/p>\n <\/p><\/div>\n\n\n
Dormant whale activity remains in focus<\/h2>\n