/
Dormant whale moves $1 billion in Bitcoin as market sits 50% below peak
Aug 3, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
Share:
AI Overview
A dormant wallet moved 16,400 BTC (~$1.04 billion) on August 3, ending seven months of silence while Bitcoin traded around $62,800, roughly 50% below prior highs. The large on-chain transfer raises selling pressure and liquidity risk for crypto markets, exchanges and DeFi/DEX activity, signaling possible redistribution that could weigh on prices.
Bearish
Predictions Markets
See what traders are focused on
A lone Bitcoin transaction has ended a prolonged period of silence lasting seven months. According to blockchain tracker Lookonchain, a wallet containing 16,400 BTC, equivalent to $1.04 billion, made the transfer of its whole balance on August 3. This transfer coincides with the price of Bitcoin being approximately $62,800, which is almost 50 percent lower...
In This News
Coins
$ 64.39K
+0.99%
$ 0.00166
Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 64.39K
+0.99%$ 0.00166
Predictions Markets
See what traders are focused on
Share: