Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»$2 Billion in Dormant Bitcoin (BTC) Moved After 5 Years: Arkham
TRADING NEWS

$2 Billion in Dormant Bitcoin (BTC) Moved After 5 Years: Arkham

By Crypto FlexsJanuary 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
 Billion in Dormant Bitcoin (BTC) Moved After 5 Years: Arkham
Share
Facebook Twitter LinkedIn Pinterest Email
  • According to Arkham Intelligence, $2 billion of dormant Bitcoin (BTC) has moved for the first time in five years.
  • Grayscale also moves 9,000 BTC to cryptocurrency exchanges, so what’s next for Bitcoin?

Arkham Intelligence reported the movement of $2 billion worth of dormant Bitcoin (BTC) just before US markets opened today. This is the first time these coins have moved since 2019.

“Just before US markets opened today, $2 billion of dormant Bitcoin moved through several linked addresses. BTC moved once in 2019 and prior to that it had been dormant since 2013. Historically, these Bitcoins all moved around the same time and date. Today, 49 addresses were merged into 5 new addresses, each currently holding 8K-12K BTC ($380M-$480M per address).,” published on X, a blockchain security and market intelligence platform.

Just before US markets opened today, $2 billion worth of dormant Bitcoin moved through several linked addresses.

BTC moved once in 2019 and prior to that it had been dormant since 2013. pic.twitter.com/xD4frjzQuP

— Arkham (@ArkhamIntel) January 16, 2024

Arkham’s report comes as BTC battles selling pressure amid recent moves in Bitcoin linked to Grayscale, the company behind the Bitcoin Trust (GBTC) fund. Grayscale reportedly moved 9,000 BTC, worth over $385 million, on Tuesday.

9000 BTC ($385M) was moved from Grayscale wallets in the last hour https://t.co/K7P3NmGZFH pic.twitter.com/MUpy3kGkoq

— Arkham (@ArkhamIntel) January 16, 2024

The company’s BTC transfer consisted of multiple batches of 1,000 coins each, totaling over $385 million. Blockchain Detective Lookonchain famous Grayscale sent the coins to Coinbase Prime.

Wallets linked to Grayscale last week transferred According to data shared by Lookonchain on Friday, January 12, 4K Bitcoin will be available on exchanges. These BTC moves occurred as outflows from GBTC hit the market following the SEC’s approval of a spot Bitcoin ETF.

Bitcoin price was at $43,071 in the early afternoon. Are these BTC moves set to put new selling pressure on the benchmark cryptocurrency?


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Withdrawing Uniswap (UNI) and Aave Tokens from Whale, Kraken: Lookonchain

July 12, 2024

Despite $92,000 acting as resistance, Bitcoin price indicators indicate further upside.

November 18, 2024

Friend.tech develops Friendchain and uses $FRIEND as its gas token.

June 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.