Dormant Bitcoin Miner Moves $16.6M After 14 Years of Silence

A 14-year-dormant Bitcoin miner moved $16.6M in BTC, signaling renewed activity among early crypto holders worldwide.

Ethereum’s early whales are reawakening, with one OG borrowing $500M USDT after depositing massive ETH on Aave.

Political and trading-linked whales made bold short plays, profiting millions amid Bitcoin’s sharp volatility this October.

A long-dormant Bitcoin miner has re-emerged after 14 years, moving a small portion of a massive early stash. According to data from Arkham, onchain analytics platform Lookonchain reported that wallet “18eY9…6EfyM” transferred 150 BTC, valued at around $16.6 million, to another unmarked address on Thursday around 3 p.m

These 4,000 BTC were originally mined in 2009 and later consolidated into the same wallet in 2011. At that time, the entire holding was worth just $16,400, compared to over $442 million today.

Rising Activity Among Old Bitcoin Whales

This movement marks yet another sign of renewed activity among long-time Bitcoin holders. Since the market rally earlier this year, several Satoshi-era wallets have shown unexpected movements. In July, one early whale offloaded 80,000 BTC, worth over $9 billion, through Galaxy Digital. Moreover, last month saw multiple decade-old wallets transferring millions of dollars worth of Bitcoin.

Besides Bitcoin, Ethereum’s old guard is also stirring. Lookonchain revealed that an Ethereum OG, holding 736,316 ETH worth about $2.89 billion, made a major DeFi move. The address deposited 500 million USDT into vaults created by ConcreteXYZ and Stable

Before the announcement, the same entity deposited 300,000 ETH into Aave and borrowed 500 million USDT. Out of the total $775 million USDT locked in, this single whale contributed an astounding 64.5%.

Political and Market-Linked Whale Activity

However, large movements weren’t limited to old miners. Another Bitcoin whale, previously rumored to have ties to President Trump’s family, made a significant trade. This wallet closed a $200 million BTC short position just before Bitcoin’s recent rise

The address, ending in “7283ae”, gained nearly $200 million earlier this month after shorting Bitcoin and Ethereum. That trade coincided with Trump’s tariff threats on October 10, which caused a record-breaking $19 billion in crypto liquidations.

Additionally, the same whale recently deposited $30 million USDC into Hyperliquid before reopening short positions around $109,000–$113,000. The move earned another $6.4 million as prices fell midweek.

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