A bitcoin wallet that received 4,582 BTC worth about $40.8 million in March 2020, just before the Covid crash, transferred these coins on-chain Monday, now valued at $377.6 million. The wallet had been inactive for over four years, and the coins were moved to five different addresses, none of which have spent the funds yet. Such moves from long-dormant wallets can indicate potential selling and market volatility, though they might also be routine transfers between addresses owned by the same person. The exact reason for this transfer remains unclear, but it has attracted attention as a possible signal of upcoming market changes.
The bitcoin whale that moved $378 million today had held 4,582 BTC through the March 2020 crash. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 13, 2026 12:02 WIB: out of 50 major cryptocurrencies, only 6 rose while 43 fell. Notable movers include EOS up 8.13% at Rp12.649 with a typical hold time of 87 days, COTI down 7.80% at Rp225 with 78% sell order activity, and ALGO down 7.75% at Rp2.155 with 76% buy order activity and a typical hold time of 130 days.
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