Bitcoin Whale Awakens with Massive Transfer of Dormant Funds

A significant movement of Bitcoin funds has been detected on the blockchain after a long period of inactivity. According to CryptoQuant, an address known as Maartun, which is believed to be an institutional investor, mobilized 2,373 BTC after five to seven years without any transactions.

The transfer occurred when the price of Bitcoin surpassed $66,000, and the total value of the funds amounts to approximately $156 million. This event marks one of the largest activations of inactive supply in recent weeks, with some analysts suggesting that it could be linked to profit-taking strategies by investors who accumulated positions during previous commercial cycles.

However, CryptoQuant clarified that this type of movement can also respond to internal custody processes, where entities migrate their assets to new multi-signature addresses to increase security standards. The next milestone to assess the impact of these old wallets on market liquidity will be the June monthly options expiry, which will determine whether current support levels manage to consolidate.

Some technical operators in the ecosystem have expressed different stances on the interpretation of this movement, with some suggesting that it could be a sign of imminent selling pressure if the funds are directed toward centralized exchanges. Nevertheless, CryptoQuant's data indicate that the transfer of 2,373 BTC is an internal reorganization rather than a liquidation.