This year, a record number of people have become active. Bitcoin— «whales» who kept their assets for seven years or more.
According to the network, transactions were conducted from wallets dating back to 2013 and even 2010.
Most of the transfers came from OG «whales,» including infamously hacked wallets and former exchanges. One of the largest transfers was 80,000 BTC after 14 years of storage from a still-unknown major investor. More recently, a mining-era «whale» Satoshi He sold some of his remaining coins. His addresses held up to 8000 BTC, and after sending 150 BTC to exchanges, he was left with 3850.
In 2025, the BTC market was resilient enough to withstand whale selling. However, periodic short-term sales of large volumes of BTC led to a decline in the price. Some sellers combine spot trading with derivatives positions, attempting to pressure the cryptocurrency price while simultaneously taking short positions.
Some of the transferred coins found their way onto exchanges, but in 2025, more ways to profit from BTC emerged. Large investors found themselves with substantial assets, and some continued to support treasury companies. For others, lending became a way to profit from BTC without directly selling it.
Despite such impressive transactions, more than 50% of the entire Bitcoin supply is still held in private addresses.