A longtime Bitcoin investor has returned after nearly a decade of inactivity, creating a stir in the crypto community.
On March 17, a Bitcoin whale wallet moved 2,500 BTC — equivalent to about $210 million at the time of the transaction. Bitcoin whales are typically individuals or entities holding more than 1,000 BTC.
Why is the Bitcoin Whale Active After 9 Years?
According to Arkham Intelligence, the whale’s wallet dates back to 2015, when Bitcoin was just $300.
The investor’s initial capital — about $750,000 — has now grown to a whopping sum, a testament to Bitcoin’s strength and remarkable growth over the past decade.
During his holdings, Bitcoin reached an all-time high of $110,000 in January 2025. Although the price has since fallen to around $80,000, the whale's investment has still been an impressive return.
The whale moved 2,500 BTC to a different wallet rather than an exchange, leading many experts to believe that this was a portfolio restructuring move rather than a pre-emptive sell-off.
How did the market react?
News of the whale's move raised concerns about the potential negative impact on the market, but data from BeInCrypto shows that the cryptocurrency market as a whole has remained stable, without major price fluctuations.
The whale's reappearance after many years is not an isolated case. Over the past year, several other long-dormant Bitcoin wallets have begun to show signs of trading again.
Investor Moves
Some analysts believe that long-term investors are reshaping their strategies as Bitcoin approaches its all-time high. Others predict that whales may be preparing for more complex financial strategies involving futures or options.
However, this case once again reinforces Bitcoin’s position as a long-term store of value. Holding for nearly a decade shows that Bitcoin has outperformed traditional assets such as gold and the US dollar in terms of performance.
Furthermore, with the launch of a spot Bitcoin ETF and the US Strategic Bitcoin Reserve plans, the integration of cryptocurrencies into the traditional financial sector is gaining momentum.