Bitcoin whale moves large holdings – price near $117,000

After more than eleven years, a dormant Bitcoin whale has moved its holdings for the first time, transferring approximately 1,000 BTC worth approximately $116.6 million, according to on-chain data from Lookonchain.
The entire Bitcoin holdings were distributed to four new addresses, suggesting that the coins were being prepared for either relocation or potential sale.
The wallet received the 1,000 Bitcoins back in January 2014, when the price was around $847 per BTC, and has been inactive since then. The increase in value since 2014 is enormous: what was then an equivalent of around $847,000 has grown to over $116 million.

A whale transferred all 1,000 $BTC($116.88M) to new wallets after 12 years of dormancy.

The whale received 1,000 $BTC($847K at the time) 12 years ago, when the price of $BTC was $847.https://t.co/ugNQypaX8e pic.twitter.com/Yee2Pa410l

— Lookonchain (@lookonchain) September 17, 2025

Analysts closely monitor such movements of Bitcoin wallets that have been inactive for years, as they could pose a potential selling risk.
In July, a Satoshi-era whale sold more than 80,000 Bitcoin, worth over $9 billion, via Galaxy Digital. As a result of this massive sale, the Bitcoin price fell significantly. At the same time, there are also whales who aren't selling their holdings but are shifting some of their Bitcoin into Ethereum.
According to Bitcoin analyst Willy Woo, the current market cycle is slower than previous phases. This is because a large portion of the supply is controlled by a few whales who are increasingly beginning to convert their profits into fiat.
The Bitcoin price is currently hovering around the $117,000 mark, while investors are eagerly awaiting today's Fed meeting. The market is expecting an interest rate cut of between 25 and 50 basis points, which could provide additional momentum, especially for risk-on assets such as BTC and altcoins.

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