#BTCWhaleMovement In early July 2025, several “Satoshi-era” Bitcoin wallets—dormant since 2011—activated, moving massive amounts on-chain. Two wallets transferred 20,000 BTC ($4.4–8.7 billion) across multiple transfers . Notably, none of this BTC was sent to exchanges, suggesting strategic repositioning—perhaps upgraded custody or treasury-building—rather than immediate selling . On-chain data reveals a shift: after months of accumulation, whale holdings are now slightly tapering, raising the potential for short-term price volatility . Analysts emphasize monitoring any exchange inflows if these whales decide to liquidate