TLDR
- A Bitcoin whale moved 2,931 BTC worth about $188 million after seven years of inactivity.
- Lookonchain said the holder received the coins when Bitcoin traded at $6,513.
- The whale transferred the BTC to a fresh wallet rather than a known exchange address.
- A separate large holder swapped 17,385 ETH worth $31 million into 496.3 BTC.
- The ETH-to-BTC rotation continued as the trading pair remained near multiyear lows.
A Bitcoin whale moved 2,931 BTC worth $188.03 million after leaving the holdings untouched for seven years. Lookonchain identified the transfer within hours through public blockchain records. The movement revived attention around dormant Bitcoin holdings and their possible market impact.
A Bitcoin OG who had been dormant for 7 years transferred all 2,931 $BTC($188.03M) to a new wallet 3 hours ago.
The OG received 2,931 $BTC 7 years ago when $BTC was trading at $6,513 and hadn't moved them until now.https://t.co/g1aUfU8aSn pic.twitter.com/0jRSQKIimV
— Lookonchain (@lookonchain) July 13, 2026
Bitcoin Whale Transfers Dormant Holdings to New Wallet
The Bitcoin whale received the 2,931 BTC when Bitcoin traded at $6,513. The holdings were worth about $19 million when the address received them. Bitcoin traded near $63,000 on Monday, lifting the position’s value almost tenfold.
Lookonchain said, “The OG received 2,931 BTC 7 years ago when BTC was trading at $6,513.” It added that the holder “hadn’t moved them until now.” The Bitcoin whale sent the entire balance to a newly created wallet.
Blockchain records did not link the destination wallet to a known cryptocurrency exchange. Therefore, the transfer alone did not confirm an immediate sale. The Bitcoin whale may retain control because both addresses remain outside identified trading platforms.
Dormant Bitcoin Movements Continue During 2026
The transfer followed several dormant wallet activations reported during recent months. Eleven addresses created between 2013 and 2017 moved Bitcoin worth $69 million during May. Those transactions showed renewed activity among holders from earlier market periods.
Two other wallets deposited 1,650 BTC into prime brokerage FalconX during May. Those coins carried a combined value of about $127 million. Unlike the latest Bitcoin whale transfer, those deposits reached an identified financial service.
Market participants often examine exchange deposits because they can support immediate sales. Fresh-wallet transfers provide less evidence about a holder’s next action. However, the Bitcoin whale movement remains notable because the coins stayed inactive across two market cycles.
Large Holder Rotates Ether Holdings Into Bitcoin
A separate large holder continued exchanging ether for Bitcoin during the same period. EmberCN reported cumulative swaps of 17,385 ETH into 496.3 BTC. The trades carried an estimated value of about $31 million.
The trader completed an earlier exchange involving 13,708 ETH worth roughly $25 million. That transaction used an ETH-to-BTC rate near 0.02855. The Bitcoin whale activity occurred as the separate trader reduced ether exposure again.
最近 ETH 很硬啊~ETH/BTC 汇率从 0.02524 反弹到 0.02855 了。
专门做 ETH/BTC 汇率交易的巨鲸，今天在半小时前卖空汇率：他把 13,708 枚 ETH ($2500 万) 卖成 393.4 枚 BTC，卖空汇率 0.02855。他是币本位交易员，汇率下跌他再换回更多的 ETH。过去半年他通过多次汇率交易币本位多了 6,475 枚 ETH… pic.twitter.com/qrPELS57FT
— 余烬 (@EmberCN) July 13, 2026
The same holder sold 4,695 ETH for 133.8 BTC in early July. Ether traded near $1,780, while Bitcoin remained close to $63,000 on Monday. Meanwhile, Bitcoin whale addresses reached 2026 highs as some large holders reduced ether balances.
The Bitcoin whale now holds the transferred coins in a fresh address without any confirmed exchange deposit. Onchain records show movement, but they do not establish a sale. The latest transfer therefore remains a wallet relocation unless later transactions reveal another destination.
