A major Bitcoin whale has made a significant move, adding $200 million worth of Bitcoin to its holdings after selling over 11,400 BTC in recent months. This comes as Bitcoin experiences a rebound in price.
But that’s not all. Another long-dormant whale has suddenly awakened after eight years, shifting a massive amount of BTC, while BlackRock continues its aggressive Bitcoin accumulation.
With big players making bold moves, is something bigger brewing in the crypto space? Let’s dive in.
Massive Whale Holdings
Even after selling a large amount in February, the whale now holds more than 15,000 BTC, valued at over $1.3 billion. The whale resumed buying after cashing out when Bitcoin’s price ranged between $100,000 and $86,000 in February. Bitcoin had reached $104,000 on February 1 before dropping to about $78,940 by the end of the month.
Bitcoin has been volatile in recent weeks. Over the past seven days, it has traded between $81,000 and $88,000. On March 24, it surged by 3%, climbing further away from its March 11 low of $76,900.
Dormant Bitcoin Whale Moves $250 Million After 8 Years
Another Bitcoin whale has resurfaced after being inactive for eight years. On March 22, the whale moved over 3,000 BTC—now worth $250 million—in a single transaction.
According to Arkham Intelligence, this whale’s holdings have grown significantly, rising from just $3 million in early 2017 to $250 million today. The Bitcoin had remained untouched in a single address for more than eight years before this sudden move.
BlackRock Continues Bitcoin Buying Spree
BlackRock, the world’s largest asset manager with $11.6 trillion in assets, has been increasing its Bitcoin holdings. Over the past week, it purchased 4,054 BTC through 15 transactions, bringing its total holdings to 573,878 BTC, worth more than $50 billion, according to Bitbo’s Bitcoin treasury tracker.
Bitcoin spot ETFs in the U.S. have seen renewed interest. BlackRock’s iShares Bitcoin Trust (IBIT) led the way, ending a five-week streak of outflows with a net inflow of $744.4 million. Most of this came from BlackRock’s iShares, which brought in $537.5 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.
Ether Whales Also Show Activity
Ethereum is also seeing major whale activity. On March 21, an Ether whale added 7,074 ETH – worth $13.8 million – to their holdings. Ether’s price, currently between $1,876 and $2,097, remains 57% below its all-time high from November 2021. However, confidence in the asset is growing, with open interest hitting a record high and more addresses holding at least $100,000 in Ether.
Bitcoin whales are stacking up, Ethereum’s heating up, and BlackRock’s going all in—if this is just the start of 2025, imagine what’s next.
