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Bitcoin whale moves $188M after 7 years dormant; another swaps $31M ETH for BTC amid market shifts

Market News
13 Jul 2026
Bitcoin
View Source
Neutral
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A Bitcoin address inactive for seven years moved 2,931 BTC worth $188 million to a new wallet, reflecting a roughly tenfold gain since acquisition at $6,513 per BTC. This move is part of a broader trend in 2026 of dormant wallets awakening, which traders watch closely as it may signal upcoming selling pressure. Separately, a large trader converted 17,385 ETH (about $31 million) into 496.3 BTC, betting on Ether weakening against Bitcoin. These activities highlight ongoing shifts in crypto holdings, with potential impacts on market dynamics depending on whether coins move to exchanges for selling.

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