Crypto Whales at Play? Dormant $2 Billion in Bitcoin Shift During Price Correction

A whopping $2 billion worth of the flagship cryptocurrency Bitcoin ( $BTC ) have recently started moving across several wallet addresses that seemingly belong to a single entity.

The funds had been dormant since 2019, having only moved in 2013 before that.

According to blockchain analytics firm Arkham Intelligence, the #BTC that has recently started being moved again has historically been moved at the same times and dates, despite being spread across a number of addresses.

Per the firm, the funds were consolidated from 49 different Bitcoin addresses and condensed into just five addresses, with each now holding between 8,000 BTC and 12,000 BTC, between $380 million and $480 million.

If the funds do belong to a single entity, it’s likely that they’ve been spread across a larger number of Bitcoin addresses as it aims to secure its funds by spreading them out and keep them in cold storage.

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