A dormant Bitcoin wallet containing approximately 445 BTC, valued at over $50 million, was active for the first time in nearly 13 years, transferring 132 BTC and 5 BTC to a Kraken deposit address, with the last activity recorded in November 2012.

This wallet, owned by a 'Satoshi-era whale,' is believed to have accumulated significant holdings during the early years of Bitcoin, around 2009-2011.

The recent activity has sparked speculation about the reasons behind the transfers, including testing, reorganizing holdings, or potential selling, especially if coins are moved to exchanges.

The activity was first detected through blockchain analytics, noting a small transfer of 0.25 BTC and a remaining large holding of over 479 BTC worth more than $53 million.

While the motives remain unclear, the transfer of small amounts suggests possible selling activity, and the original wallet still holds about 308 BTC valued at over $35 million.

This incident is part of a broader trend of increased activity among 'OG' Bitcoin wallets, with notable transactions including Galaxy Digital selling over 80,000 BTC and large transfers from wallets holding billions in Bitcoin.

Such activity indicates a pattern of dormant wallets becoming active, moving millions of dollars worth of BTC and rotating into ETH, reflecting a broader shift in the crypto landscape.

Meanwhile, the Avalanche Foundation is in advanced negotiations to raise $1 billion through two U.S. deals to establish AVAX treasury companies, with one deal led by Hivemind Capital aiming for up to $500 million, and another via a Dragonfly-backed SPAC also targeting $500 million, both buying AVAX at a discount.

In traditional markets, JPMorgan analysts expressed concern over the S&P 500's rejection of Strategy inclusion, calling it a 'blow to crypto treasuries' and suggesting potential limits to institutional exposure via major benchmarks.

The current Bitcoin price is approximately $114,025, which has increased over 9,300 times since 2012 when Bitcoin was valued at $12.22.

Crypto analyst Max Keiser commented that Bitcoin's price level of $100,000 is a critical point where whales might start selling, potentially shifting Bitcoin's role from a store of value to a medium of exchange.

In the broader crypto ecosystem, BitMine has added around $200 million worth of ETH (46,255 ETH) to its treasury, bringing its total ETH holdings to over 2.1 million valued at $9.4 billion, with plans to own 5% of Ethereum's circulating supply.

The ongoing activity among long-dormant Bitcoin wallets, including transfers from wallets holding billions, reflects a significant trend of 'OG' wallets becoming active again, moving large sums and rotating assets into ETH.