Bitcoin Whales Move Millions as Market Reacts to Global Tensions

[mendez]

Ancient Bitcoin holders have transferred tens of millions of dollars to major exchanges amid a market downturn triggered by rising geopolitical tensions and energy price shocks.

A long-dormant whale wallet known as “bc1ql” moved 1,000 BTC—worth roughly $71 million—to Binance. The wallet originally accumulated 5,000 BTC over 13 years ago and still holds about 1,500 BTC, valued at over $100 million.

In a separate transaction, early Bitcoin adopter Owen Gunden transferred 650 BTC (around $46 million) to Kraken, marking his first major sale in five months. His previous sell-off totaled 11,000 BTC, worth over $1 billion at the time.

The activity signals renewed profit-taking among long-term holders as market uncertainty increases.

[AIcash]

When old wallets start moving coins, it usually means something’s up