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$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham

07.07.2025
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$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham
Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn’t appear to be heading for a sell-off.
Arkham, the blockchain sleuths, dropped a bombshell: a whopping $8.6B in Bitcoin just woke up after a 14-year nap. And guess what? It's not hitting the sell button. Yet.
These digital coins, chilling since 2011, got a fancy new wallet upgrade. Think of it as moving from a flip phone to the latest smartphone but for crypto.
While some panic at the sight of big moves, Arkham's like, 'Chill, it's just a wallet makeover.' But let's be real, when $8.6B twitches, the crypto world holds its breath.
CZ, Binance's ex-boss, jokes he 'got into crypto too late' after seeing these 2011 whales flex. Meanwhile, Coinbase's Conor Grogan whispers about a potential hack – aka the heist of the century.
Bottom line: The crypto ocean is deep, and its whales are stirring. But for now, they're just stretching, not splashing the cash.
#blockchain#Crypto whales#Large Bitcoin transactions#Bitcoin price increase#Cryptocurrency market
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