Lookonchain wrote in an X post dated July 31, 2025, that five Bitcoin miners woke up after 15 years of dormancy and had transferred 250 Bitcoin out in just a couple of hours. Each of the wallets that transferred BTC has received 50 BTC each from mining on April 26, 2010.
5 miner wallets woke up after being dormant for over 15 years and transferred 250 $BTC($29.6M) out an hour ago.These miner wallets earned 50 $BTC each from mining on Apr 26, 2010.Wallets:1NuqAKeX6JzW372QfEe7eFkewFx21fnqd312EWRT19v2eAvWjGDWjodCe7NP1CzmFphT… pic.twitter.com/vGttaE6MxY
— Lookonchain (@lookonchain) July 31, 2025
The sudden transfer of Bitcoin has sparked debate in the wider market that since Bitcoin has crossed the mark of $115,000, the long dormant Bitcoin whales seem to be booking profit when its price is approaching sky high.
Wallet ‘1NuqAKe…………qd3,’ ‘12EWRT……….phT,’ ‘1497JA…………KIUV,’ ‘1A1z7a………..wmwk,’ and ‘13gi…………….3oEyn,’ are the five wallets that have moved out Bitcoin valued roughly $30 million.
The Bitcoins were held at the time when it was priced below $1 per BTC, somewhat near to $0.05 per coin, and were moved when Bitcoin was exchanging hands at $118,287 and had a market capitalization of $2.35 trillion, making it one of the most prominent cryptocurrencies in the market.
Bitcoin whales are cashing out profits at BTC’s peak
Earlier on July 23, 2025, Todayq reported that three Bitcoin whales transferred 10,606 BTC out after 3.5 years of dormancy; the wallets reportedly received these Bitcoins when they were priced at $18,807 in December 2020.
With the surge in whale movement, Bitcoin liquidation has also reached a peak, and since the last few sessions, it seems to be stuck in the range below $120k. On July 29, 2025, Lookonchain wrote in an X post that a newly created wallet withdrew 3,500 BTC from Gemini in the past 4 days.
However, over the week, it has been reported that Galaxy Digital has moved Bitcoin worth billions of dollars. On July 29, 2025, it was once again reported that Galaxy moved 3,782 BTCs, most of which went to crypto exchanges, probably for an OTC deal.
Also crucial to note that Galaxy announced on July 25, 2025, that it has completed the sale of 80,000 Bitcoins for Satoshi era investors. As per an X post from Satoshi Talks, a 14.5-year-old Bitcoin whale moved 50 Bitcoin for the first time, the transaction was done to ‘bc1q8…kxayr,’ with no known owner linked to the address so far.
A 14.5-year-old Bitcoin whale just moved 50 $BTC ($5.9M) for the first time.Wallet sat dormant since 2010.The #BTC was sent to bc1q8…kxayr, with no known owner linked to the address so farNo known owner—yet.#BTCUSDT pic.twitter.com/NVGLlYWM5F
— Satoshi Talks (@Satoshi_Talks) July 30, 2025
A quick overview of the Bitcoin price
In the 30-day trading frame, Bitcoin has shown a notable surge with a prolonged phase of consolidation. In early July, BTC was trading above $110,000, maintaining a relatively stable range. However, from the beginning of July 09, 2025, a sharp rally was witnessed pushing the prices upwards with the bullish momentum.
Source: TradingView
Mimicking the mid-month peak, a correction phase kicked in with Bitcoin retracing some of its gains, yet despite a steep decline, prices entered a sideways trading pattern, hovering mostly around $117,000 and $118,500, mirroring a balance between buyer and seller, which also suggests the next possible upward or downward move.
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