#比特币巨鲸动向 Part One

After 14 years of silence, 80,000 BTC worth $8.69 billion have been transferred

On-chain data monitoring shows that since noon yesterday, the address of a long-silent ancient BTC whale has become active again, and its associated 8 wallet addresses have been gradually activated. These 8 addresses can be divided into two batches: 2 addresses received 20,000 BTC as early as April 2, 2011, when the price of Bitcoin was only about $0.78; the remaining 6 addresses received 60,009 BTC on May 4, 2011, when the price of Bitcoin was $3.37.

As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, each new address currently holding approximately 10,000 BTC. Based on the current market price, the total value of this batch of assets is approximately $8.69 billion.

These BTC have not yet been transferred to any exchanges but have already stirred the market nerves—crypto holders around the world are holding their breath, watching the next move of this 'ancient fund'.

How large is the potential selling pressure?

The market is paying such close attention to this ancient whale's next move mainly because the 80,000 bitcoins it holds are enormous, accounting for about 13.4% of MicroStrategy's total holdings and 6.35% of the known Satoshi Nakamoto address holdings. The cost price of this batch of BTC ranges from $0.78 to $3.37, achieving an astonishing profit of over 100,000 times to date. At current prices, the total value of these bitcoins is approximately $8.69 billion, far exceeding Binance's spot trading volume in the past 24 hours (only about $1 billion).

Additionally, from other market data, the total amount of Bitcoin purchased by publicly listed companies in the second quarter of 2025 is approximately 131,000, while Bitcoin ETFs net purchased about 111,000 during the same period, and last week's daily net inflow was only a little over 2,000. Therefore, it can be seen that once this ancient whale begins to sell in batches, the scale of the selling pressure it releases will far exceed any recent institutional buying and selling activities, and the impact on the market should not be underestimated.

Whether to sell or not depends on who this ancient whale really is!