A Bitcoin wallet untouched for over a decade has suddenly transferred millions in BTC.
The move coincides with fresh institutional inflows and rising market liquidity as Bitcoin trades above $114,000.
Forgotten Bitcoin On The Move
A once-forgotten Bitcoin wallet holding 444 BTC, valued at more than $50 million, has reappeared on the blockchain.
According to the on-chain monitoring platform Onchain Lens, the dormant address executed its first transactions today after remaining inactive for over 13 years.
The wallet transferred 132.03 BTC, worth about $15.06 million, to a new address in a single transaction.
Additionally, it sent five BTC directly to the Kraken exchange.
Despite the transfers, the wallet still holds 307.79 BTC, with an estimated market value of nearly $35 million.
Early Investment, Massive Profit
Blockchain history shows that this address first received Bitcoin on November 26, 2012.
At that time, Bitcoin was trading at a modest $12.22 per coin.
The wallet’s total purchase amounted to only $5,437.
Fast forward to today, and the same coins are worth over $15.63 million.
That represents an extraordinary profit of $15.629 million, highlighting the unmatched gains of early Bitcoin holders who resisted selling through years of volatility.
Such stories continue to fuel the narrative of Bitcoin as a long-term store of value, especially when seen alongside today’s institutional adoption.
Bitcoin Price Reclaims $114,000
The whale’s reactivation comes as Bitcoin strengthens in global markets.
After slipping below key levels in late August, BTC has now reclaimed the $114,000 mark.
As of press time, Bitcoin trades at $114,163, marking a 0.27% daily gain and a 3.33% increase over the past week.
This recovery follows a sharp correction after Bitcoin’s record-breaking run last month.
For context, BTC hit a new all-time high of $124,457 on August 14, 2025, underscoring the asset’s remarkable rally this year.
ETFs Record Largest Inflows in Weeks
Institutional demand has played a major role in Bitcoin’s recovery.
Data from SoSoValue shows that Bitcoin spot ETFs recorded $757.14 million in inflows on Wednesday.
This figure marks the highest single-day inflow since July 17 and extends a three-day streak of positive flows.
These consistent inflows suggest growing confidence among large investors who see Bitcoin as both a hedge and a growth asset.
If ETF demand continues to accelerate, it could help BTC maintain its upward momentum and is poised to test new highs in the near term.
Stablecoin Reserves Reach Record Levels
Another bullish signal comes from stablecoin activity on Binance, the world’s largest crypto exchange.
According to CryptoQuant, Binance recorded its highest net stablecoin inflow of the year on Monday, totaling more than $6.2 billion.
The exchange’s total stablecoin reserves have now climbed to nearly $39 billion, setting a new record.
Notably, across all exchanges, stablecoin reserves also reached an all-time high of $70 billion last week.
Stablecoins are widely viewed as “dry powder” for traders, funds parked on exchanges that can be quickly deployed to buy crypto.
This surge in reserves suggests that traders and institutions are holding unprecedented levels of liquidity.
In other words, the holdings could translate into stronger demand for Bitcoin and other cryptocurrencies if market conditions remain favorable.
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