$29M in Bitcoin Resurfaces After 10.9 Years—Who’s Behind It?

A long-dormant Bitcoin address has been reactivated after nearly 11 years, according to blockchain tracking service Whale Alert.

The wallet, which had remained untouched since 2014, suddenly moved 300 BTC, worth a staggering $29,368,562.

Such “awakening” events have been on the rise, particularly as Bitcoin continues its bull run, sparking speculation on whether early adopters are cashing out profits.

Bitcoin Wallet Awakens After Nearly 11 Years—Why Now?

🔹 The last recorded activity of this wallet was in 2014, just four years after Satoshi Nakamoto’s disappearance and the same year as Ethereum’s Initial Coin Offering (ICO).

🔹 This event is part of a growing trend of early Bitcoin wallets being reactivated, often as BTC hits new all-time highs.

📌 On January 20, 2025, Bitcoin reached a historic peak of $109,114, coinciding with the inauguration of the new U.S. president, who is a notable crypto advocate.

💡 With talks of a potential U.S. Strategic Bitcoin Reserve, long-dormant BTC wallets could be resurfacing at the perfect time to secure profits.

Why Are Dormant Bitcoin Wallets Becoming Active?

Crypto analysts suggest multiple reasons behind these Bitcoin “awakenings”:

📈 Early Bitcoin adopters taking profits amid BTC’s record highs
🔐 Users recovering lost wallet keys after years of inaccessibility
💰 Institutional interest driving early whales to reconsider holdings

Throughout November and December 2024, similar “whale awakenings“ occurred as Bitcoin surged past multiple price records.

14,000 BTC Moved From Dormant Wallets—No Exchange Activity Detected

📌 Earlier this week, another massive 14,000 BTC—worth over $1.36 billion—was moved after being inactive for 7 to 10 years.

📌 However, on-chain data from CryptoQuant confirmed that the funds were NOT transferred to an exchange, meaning that no immediate sell-off is expected.

📊 At the time of writing, Bitcoin is trading at $97,440, reflecting a 1.18% decline in the past 24 hours.

While some old whales are locking in profits, others appear to be redistributing or securing their holdings for future gains.

Conclusion: Are Early Bitcoin Whales Preparing for Another Bull Run?

📌 A dormant Bitcoin wallet from 2014 has reactivated, moving 300 BTC worth $29M.
📌 Early BTC holders continue to surface as Bitcoin trades near record highs.
📌 14,000 BTC was moved from long-dormant wallets, but no exchange sell-off detected.
📌 With growing institutional adoption, Bitcoin’s long-term trajectory remains bullish.

With Bitcoin’s price volatility and institutional interest rising, will more early Bitcoin whales wake up, or is this just another profit-taking phase? 🚀