While it has not yet been reflected in most data dashboards, a total of 10,000 BTC — dormant for 14 years — were moved today.
Based on the transaction pattern, this appears to be a genuine transfer with trading intent — not an internal reshuffling or a security-driven address change.
This may represent the largest on-chain movement by long-term holders (10+ years) ever recorded.
Previously, the largest was 3,700 BTC moved during the bottoming phase following the FTX collapse — a point widely regarded as the market bottom at the time.
It's a mistake to interpret all old-holder activity as purely bearish.
We need to analyze the context in detail — is this an actual transfer intended for liquidation, or something more neutral, like the creation of new wallets for security purposes, as seen with Mt. Gox?
Unfortunately, most people don't take the time to verify these details and instead draw conclusions based solely on raw data movement.
At this point, the intent behind today’s move remains unclear.
What is clear, however, is that this is a rare and meaningful on-chain footprint — and one that could potentially signal increased volatility in the near future.
Written by Mignolet
