updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131The crypto market is abuzz with another major Bitcoin move, with a dormant whale awakening after eight years. The latest report reveals that a sleeping Bitcoin whale has resurfaced, depositing 400 BTC into OKX. This gigantic move has netted him a profit of $30.4 million. Significantly, this development is part of a larger trend of
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Silk Road-linked cryptocurrency activity has resurfaced, drawing attention to long-quiet Bitcoin wallets connected to the darknet marketplace.
The movement comes less than a year after US President Donald Trump granted a full pardon to Silk Road founder Ross Ulbricht.
While the pardon focused global attention on Ulbricht’s legal case, blockchain analysts are now tracking renewed activity that marks the highest level of transfers in years.
The latest movement, recorded on Tuesday, is raising fresh questions about dormant coin reserves linked to the marketplace and how much Bitcoin remains undiscovered or untouched across older blockchain addresses.
Silk Road-tagged wallets transferred about $3.14 million worth of Bitcoin BTC $92,626, according to Arkham. The activity involved 176 transactions, making it the most significant movement from these addresses in five years.
Earlier this year, the same wallets carried out only three small test transactions, suggesting that substantial activity had been paused.
The transfers this week were sent to an unknown cryptocurrency wallet with the address prefix bc1qn.
The primary Silk Road-associated wallets still hold about $38.4 million in Bitcoin.
The newly created address holds only the transferred $3.14 million.
Interest in the wallets has intensified since January, when Trump issued a full pardon to Ulbricht.
Before the pardon, Ulbricht had been serving a double life sentence without parole for creating and operating Silk Road, which allowed anonymous trading of illicit goods using Bitcoin.
The pardon also sparked new activity around the Free Ross campaign.
Supporters have contributed about $270,000 in Bitcoin donations since the announcement, based on on-chain data.
Alongside the renewed transfers, discussions have shifted to older cryptocurrency holdings believed to be connected to Ulbricht but never seized by authorities.
The US government previously confiscated at least $3.36 billion in Bitcoin from Silk Road, marking one of the largest recoveries in the history of digital asset enforcement.
Yet blockchain analysts tracking historical movements have identified additional reserves that remain untouched.
Coinbase exchange director Conor Grogan highlighted that 430 BTC, worth about $47 million, has not moved for more than 13 years.
These tokens are held in wallets thought to be linked to Ulbricht.
Another Silk Road-tagged wallet likely controlled by Ulbricht contains about $8.3 million in Bitcoin.
This wallet has seen only three small test transactions over the past 10 months and has otherwise remained inactive for 14 years, according to Arkham.
The transfers observed this week have therefore shifted attention back to dormant Bitcoin reserves that could hold substantial amounts.
Experts monitoring historical blockchain activity note that movements involving older darknet-linked wallets often prompt speculation about ownership, recovery efforts, or changes in operational control.
The recent activity does not clarify why these wallets began moving again or who controls the receiving address.
However, the timing, extended periods of inactivity, and historical significance of the addresses have made the transfers notable within the crypto community.
As blockchain analysis tools improve and more historical data becomes searchable, renewed activity from legacy darknet sources continues to shape conversations about unseized assets and the long-term movement patterns of early Bitcoin holdings.
Bitcoin
BTC
$91 866
24h volatility:
2.8%
Market cap:
$1.83 T
Vol. 24h:
$90.45 B
fell to $92,900 on Nov. 17, 2025, under intense selling pressure from long-term holders. Political uncertainty surrounding a crucial US congressional vote on Tuesday deepened risk aversion, bringing BTC price 35% below its recent all-time high near $126,000.
TheStreet reported on Nov. 17 that the White House has begun reviewing a Treasury Department proposal that would grant the IRS expanded visibility into Americans’ foreign crypto holdings. The move represents the administration’s closest step yet toward joining the Crypto-Asset Reporting Framework (CARF), a global standard for cross-border digital asset disclosure.
Earlier in 2025, the administration publicly endorsed CARF, calling it essential to preventing offshore tax evasion through digital assets.
Established by the OECD in 2022, CARF has been adopted by major economies including Japan, Germany, France, Canada, Italy, and the UK. If implemented, the framework would mirror FATCA-style reporting in crypto, compelling foreign exchanges and custodians to automatically transmit citizens’ account-holder data to US authorities.
The prospect of expanded tax oversight and cross-border compliance arrived at a sensitive moment for crypto markets already contending with political instability, US government shutdown aftershocks, and hawkish Fed speculations.
The multiple bearish macro catalysts on Nov. 17 placed downward pressure on Bitcoin as the sell-off intensified. On-chain data showed unusually rapid sell-offs among long-dormant Bitcoin holders.
Old Coins Are Moving Again!
4,668 $BTC aged 3–5 years were just spent — a clear spike in dormant supply activation. pic.twitter.com/ZfdJGs4o0H
— Maartunn (@JA_Maartun) November 17, 2025
JA Maartun, an on-chain analyst at CryptoQuant, warned his 45,000 followers that wallets holding BTC for 3–5 years had suddenly reactivated. Data showed 4,668 BTC—worth roughly $500 million at current prices reintroduced into the short-term market supply under already fragile conditions.
Dormant-wallet movements often weaken rebound prospects because they inject large supply into thin order books. Activity on Nov. 17 confirmed that some long-term holders executed last-minute sell-orders ahead of the critical US Congress vote slated for the following day.
Yet, amid the selling, Michael Saylor extended his aggressive Bitcoin accumulation strategy. As Coinspeaker reported, Strategy disclosed the purchase of 8,178 BTC, valued at $835.6 million at an average price of $102,171. The acquisition pushes the company’s total holdings to 649,870 BTC, accumulated at a combined cost of $48.37 billion and an average entry of $74,433 per coin.
The firm reports a 27.8% BTC yield year-to-date, reinforcing Saylor’s bullish statements in a CNBC interview during the week, hinting that macro-driven declines in Bitcoin prices present entry opportunities for institutional buyers.
Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9
— Michael Saylor (@saylor) November 17, 2025
As Michael Saylor’s aggressive Bitcoin purchases boost investors’ confidence, early-stage projects like Maxi Doge (MAXI) are also drawing interest. Maxi Doge is a meme-based leverage trading ecosystem that combines social entertainment with aggressive yield potential.
Maxi Doge Presale
The Maxi Doge presale has now exceeded $4.1 million, nearing its $4.3 million target. The project, offering up to 1000x leverage with no stop-loss restrictions. Each MAXI token is currently priced at $0.00027, with the next pricing tier expected to unlock within 48 hours.
Interested buyers can visit the official Maxi Doge presale website to secure early allocation and access exclusive early-joiner bonuses.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
A large, dormant Bitcoin wallet moved a massive amount of coins to an exchange on Thursday, rattling traders and reigniting debate about where big holders stand.
According to on-chain data, a Satoshi-era wallet that had not moved funds for 13 years transferred roughly 12,000 BTC — about $1.4 billion at current prices — in a set of transactions that landed on an exchange ledger.
Reports have disclosed that the transfers came as Bitcoin hovered near a key price band. The coin fell about 2% after the activity, a quick reaction as traders guessed the funds might be put up for sale.
BREAKING
SATOSHI ERA WHALE JUST SOLD 12,000 $BTC AFTER 13 YEARS OF HODLING.
HE MADE A MIND BLOWING $1.4 BILLION – ONE OF THE MOST PROFITABLE ON-CHAIN SALES EVER.
MASSIVE CRYPTO SELL-OFF INCOMING?? pic.twitter.com/NvCo9mamzT
— 0xNobler (@CryptoNobler) November 13, 2025
Some market watchers warned that if larger sell orders hit exchanges, positions using borrowed money could be forced to close, which would make price moves sharper.
Others said the market’s mood was more nervous than panicked; large transfers often spark anxiety even when no immediate sale follows.
Prominent analyst Ted commented that Bitcoin is facing stiff resistance around $104,000–$105,000. According to his view, holding above $105,000 could encourage renewed buying and push prices toward $107,000.
If that fails, he warned that the next clear support sits near $100,000. Traders will watch order books and exchange flows closely in coming sessions to see whether the transferred coins are converted to fiat or simply shifted between wallets.
Based on reports from Chris Kuiper, CFA, the broader selling pressure appears driven more by long-term holders than by panicked sellers.
Kuiper pointed to the share of Bitcoin that has remained inactive for one year or longer. That metric usually climbs in slow markets and drops sharply during fast rallies.
This time, the decline has been gradual. The pattern suggests steady profit-taking over time rather than a sudden exodus.
“Who is selling?”
Is the number one question I’ve been getting regarding #bitcoin‘s continued price pressure against a backdrop of visible buying (by ETPs, corporations etc.)
I’m not unique in suggesting it’s the long-term holders (or HODLers).
But one data point that gives… pic.twitter.com/9PVoolrtwm
— Chris Kuiper, CFA (@ChrisJKuiper) November 12, 2025
Market observers say gradual sales fit a maturing market where older holders lock in gains without trying to time a perfect top.
Where past cycles saw abrupt moves from large dormant wallets, the current trend looks more measured. That does not rule out short-term volatility, but it changes how traders interpret big transfers.
For now, the market’s next moves will likely be set by a mix of on-chain flows and how price behaves around the $104,000–$105,000 area.
Short-term traders will react to exchange data. Long-term investors may watch the inactive-supply metric and adjust plans more slowly.
The transfer of 12,000 BTC is a big piece of information. How traders act on it will determine whether this becomes a headline event or just another moment in Bitcoin’s long rise.
Featured image from Unsplash, chart from TradingView
A long-silent Bitcoin wallet woke up this week and emptied roughly 400 BTC into several new addresses. According to blockchain trackers, the address sent its coins in multiple transactions, mostly split into batches of 15 BTC. The total value moved is roughly $44 million, based on current prices.
Reports have disclosed that the coins trace back to mining activity from nearly 15 years ago. Lookonchain tied the funds to the early days of Bitcoin, and records show the wallet last moved coins in 2013, when Bitcoin traded near $135 per unit.
That price then compared with today’s level — around $111,763 per BTC — means the holding rose by about 830 times in value since it went quiet.
A dormant wallet woke up after 12 years, moving 400.08 $BTC($44.29M) to multiple new wallets 3 hours ago.
The 400.08 $BTC was received from miners 15 years ago.https://t.co/aem7WhbkOu pic.twitter.com/3m4XSBNXFO
— Lookonchain (@lookonchain) September 29, 2025
Arkham Intelligence spotted the distribution pattern, noting the repeated 15 BTC transfers that drained the address. Even with full visibility of every transaction on the blockchain, the owner’s identity remains unknown.
The pattern — chopping large sums into smaller, repeated amounts — is a common way wallets move coins without dumping everything on a single exchange at once.
This activation comes amid a string of moves from so-called Satoshi-era wallets. Based on reports, institutional and private holdings tied to early investors have been on the move lately. In July, Galaxy Digital sold more than 80,000 BTC linked to an estate, a sale that markets valued at close to $10 billion.
Another dormant address holding 444 BTC became active in September 2025 and moved approximately $50 million. Recently, one of the big holders is said to have cycled more than $5 billion of Bitcoin into Ethereum, locking up close to $4 billion worth of ETH afterward.
October has traditionally been a good month for Bitcoin, with previous rallies of 40–45% in certain years, but the current signs indicate less conviction. Holder retention level has dropped to 80%, and on-chain derivatives flows and whale outflows suggest weaker demand.
Bitcoin was trading near $114,000 at one point today, with a one-day gain of 2.05% reported, but analysts are watching risk levels closely. A continued selloff could push price toward $107,000; renewed buying pressure could take it back up toward $119,000.
Movements from Satoshi-era addresses carry symbolic weight, because they come from the group that held Bitcoin when it was still experimental and very cheap.
Whether this 400 BTC transfer will spark wider selling or simply mark a reallocation remains to be seen. For now, the market has a clear record of the move, but the reason behind it — estate settlement, profit-taking, or internal reshuffling — is unknown.
Featured image from Pexels, chart from TradingView