{"id":28235,"date":"2026-05-11T22:53:24","date_gmt":"2026-05-11T22:53:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cryptoquant-rejects-dump-fears-on-bitcoin-whale\/"},"modified":"2026-05-11T22:53:43","modified_gmt":"2026-05-11T22:53:43","slug":"cryptoquant-rejects-dump-fears-on-bitcoin-whale","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cryptoquant-rejects-dump-fears-on-bitcoin-whale\/","title":{"rendered":"CryptoQuant rejects dump fears on Bitcoin whale"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A Bitcoin whale dormant since 2013 moved $40 million in BTC on May 10, with analysts ruling out an exchange dump.<\/p>\n<div id=\"cn-block-summary-block_8ba5817b4311370f40d72376282ccea6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>A wallet inactive since November 2013 transferred 500 BTC worth roughly $40 million to a new address for the first time in over 12 years.<\/li>\n<li>Blockchain tracking service Whale Alert detected the transfer at 19:16 UTC, with the destination not linked to any known exchange.<\/li>\n<li>CryptoQuant\u2019s Ki Young Ju called it classic OTC preparation, citing low fees and a non-exchange destination as the key signals.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>A long-dormant Bitcoin whale wallet moved about $40 million in BTC on Sunday after more than 12 years of silence. Whale Alert <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/whale-alert.io\" target=\"_blank\" rel=\"nofollow\">detected<\/a> the transfer at 19:16 UTC, with funds moving to a new address not associated with any known exchange.<\/p>\n<p>The wallet was created on November 27, 2013, and had remained untouched ever since. Bitcoin traded at roughly $923 when the coins were originally received, making the 500 BTC stash worth about $461,500 at the time. At current prices, that position has risen approximately 87-fold.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why analysts are not sounding the alarm<\/h2>\n<p>CryptoQuant\u2019s Ki Young Ju <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\" target=\"_blank\" rel=\"nofollow\">called<\/a> it on May 10: \u201cClassic OTC prep, not dump pressure, low fees and non-CEX destination scream institutional.\u201d The transfer fee was just 0.0001 BTC, worth roughly $8 at current prices, a level well below typical exchange inflow transactions.<\/p>\n<p>No spike in large-scale selling pressure was observed after the transfer became public. Blockchain data has not shown the 500 BTC entering any known exchange deposit address. A comparable event in March 2026 saw a wallet dormant since 2012 move 2,100 BTC worth $147 million with no confirmed exchange inflow.<\/p>\n<h3 class=\"wp-block-heading\">A broader pattern of dormant wallets stirring<\/h3>\n<p>On May 10, wallets created between 2013 and 2017 collectively transferred 859.13 BTC, or approximately $69.47 million. Six transactions totalling 319.13 BTC came from wallets created in 2017, while four wallets dating to 2014 each transferred 10 BTC.<\/p>\n<p>Dormant Bitcoin wallets have increasingly resurfaced since BTC crossed the $100,000 mark in late 2024. Several early investors and miners have moved long-held coins over the past year, with some ultimately taking profits after Bitcoin\u2019s sustained rally.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin whale dormant since 2013 moved $40 million in BTC on May 10, with analysts ruling out an exchange dump. Summary A wallet inactive since November 2013 transferred 500&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28235"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28235\/revisions"}],"predecessor-version":[{"id":28236,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28235\/revisions\/28236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/18980"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}