#BTCWhaleMovement Two of Bitcoin’s legendary whale wallets, dormant since 2011, have suddenly sprung back to life, moving a combined 20,000 BTC—worth over $2 billion at today’s prices—to newly created addresses.

The cinematic reappearance of these Satoshi-era wallets has reignited debate over Bitcoin’s true circulating supply, the fate of lost coins, and the risk of renewed market volatility as prices hover near all-time highs.

Both wallets, originally opened in April 2011 when Bitcoin was trading at just $0.78, each transferred 10,000 BTC on July 4, 2025. The moves were first flagged by blockchain analysts at Whale Alert and Lookonchain, with other on-chain data providers quickly confirming the activity.

Remarkably, these wallets had stayed untouched through three major bear markets, the Mt. Gox collapse, and Bitcoin’s meteoric rise to over $110,000.

Most notably, the transferred coins were not sent to exchanges, but to fresh wallets, leading speculators to believe the owner may be enhancing wallet security or preparing for future private transactions, rather than planning to sell.