 
 
A Satoshi-era Bitcoin wallet that recently woke up from a 14-year slumber earlier this month has just shifted the second half of its stash to a new address, just days after transferring billions worth to asset manager Galaxy Digital, prompting onlookers to wonder if it’s a prelude to a sale and downside price volatility.
OG Whale Just Made Another Jaw-Dropping Move
Earlier on Thursday, the mysterious whale sent another 40,192 BTC, worth roughly $4.77 billion at the time of the transfer, to a new wallet address. This transfer was first noted by blockchain sleuth Lookonchain, suggesting that the whale “may continue to sell.”
The identity of the wallet owner is still unknown. The entity initially shifted roughly 80,000 BTC in 10,000 BTC batches to eight different addresses when it reactivated on July 4 for the first time since 2011. It had last executed a transfer in 2011, which is commonly called the “Satoshi Era. This was also around the time Bitcoin creator Satoshi Nakamoto sent his last known communication ever, disclosing that he had moved on to other things.
The whale further moved 40,009 BTC across multiple transfers to Galaxy Digital on Tuesday. Some of those funds appear to have subsequently been transferred to centralized crypto exchange OKX and Binance, while the rest remain at Galaxy. This was seen as an indicator that the wallet was likely preparing to sell. Galaxy Digital’s over-the-counter services allow clients a private alternative for trading massive funds, bypassing exchanges, without running the risk of spooking the market further with a big public sell-off.
The Satoshi-era wallet’s awakening comes amid successive all-time-high Bitcoin prices. The alpha crypto rallied to $122,838 on Monday, setting a fresh record high. Bitcoin even flipped Amazon’s market capitalization to become the world’s fifth-largest asset by total valuation.
 
Other Big Whales Are Still HODLing
Though this ancient whale may be looking to cash out the transferred Bitcoin, other whales remain resilient and refuse to take profits.
Satoshi is the biggest holder of BTC, with 1.1 million across multiple wallets. The elusive Bitcoin inventor has never shifted or sold any of their holdings. This stockpile, approximately 5% of Bitcoin’s 21 million supply, looms like a sleeping giant. If it ever stirred, markets would erupt in a frenzy.
The Winklevoss brothers, the founders of digital asset exchange Gemini and outspoken crypto evangelists, are estimated to hold roughly 70,000 BTC.
And then there is Michael Saylor’s Bitcoin Treasury firm Strategy, which has amassed about 601,550 BTC, spending over $42.87 billion with an average cost of $71,268 per coin. That makes Strategy the world’s largest public Bitcoin holder.
Last month, Saylor recently predicted that the BTC price would hit $21 million in 21 years.
Source: https://zycrypto.com/satoshi-era-bitcoin-whale-abruptly-transfers-another-4-7-billion-worth-of-btc-stoking-fears-of-sell-off/