The inaction, in recent hours, of the large Bitcoin whales intrigues and worries at the same time. While these historic investors, who have held their assets for more than seven years, have not made any significant movements, speculation around their next action is increasing. At the same time, some small Bitcoin addresses, inactive for over a decade, are starting to show signs of activity.
The inertia of historical whales despite market uncertainties
According to the analysis conducted by Ki Young Ju, founder of CryptoQuant, Bitcoin whales who have held their assets for more than seven years continue to remain “inert”. “No significant transactions were recorded on the exchange platforms, a sign that these investors may be waiting for more favorable market conditions,” explain-he. Indeed, despite the volatility that has shaken Bitcoin in recent months, these whales seem to have chosen to maintain their position without liquidating their assets.
This inaction contrasts sharply with previous cycles, notably those of 2017 and 2021, where the movements of these large Bitcoin addresses coincided with market increases. Back then, every move to exchanges sparked waves of anticipation among investors. This tranquility is currently giving way to speculation about the next major move that could shake up the crypto market.
Signs of awakening of small Bitcoin addresses
If the large historical whales remain silent, some small Bitcoin addresses, inactive for more than a decade, are showing signs of waking up. Whale Alert documented five wallet reactivations, including one with 121 BTC, which had remained inactive for over 13 years. These addresses, whose activity dates back to the early days of Bitcoin, today move millions of dollars in assets, despite their past stagnation.
The reactivations, although modest compared to large holders, are a signal that some historical investors are reviewing their strategy. If they do not yet cause major movements in the market, they could serve as early indicators of future actions. In this context, the evolution of these small addresses becomes a factor to monitor closely, because their reactivation could precede a resumption of activity among large whales.
While large Bitcoin whales remain inactive, the new reactivations of small wallets hint at potential changes in the behavior of incumbent investors. Although these movements still remain limited, they nevertheless show the need to carefully monitor the evolution of these portfolios.
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