Background on the firms involved: Moomoo Financial Inc. and Moomoo Technologies Inc., based in Jersey City.

Disclaimer: investing involves risk and services may not be available to everyone in all jurisdictions.

On-chain activity alone cannot confirm whether the whale will sell or simply reorganize holdings; further movement will be watched for clarity.

Reporting from The Block cites Onchain data sources such as Onchain Lens and Arkham, with standard financial and investment disclosures.

A dormant Bitcoin wallet moved $188 million worth of BTC for the first time in seven years, transferring 2,931 BTC from wallet 356myuxHtPTE9b6QGACxXp5nqQLiPBAsmK to a new address around Sunday.

This awakening fits a broader pattern of whale-driven inflows and potential selling pressure in Bitcoin markets, as analysts watch for future activity.

The move suggests the holder could be aiming for a near tenfold gain given current prices around $64,000 per coin.

US spot Bitcoin ETF net inflows and broader exchange movements are shaping the sell-side pressures and market liquidity.

Blockchain analytics show large whale transfers frequently precede sales and influence price, with exchange inflows rising in frequency.

Analysts describe a broader 2026 trend of dormant-address movements affecting market dynamics, with varying views on drivers and outcomes.

Motivation behind the move remains unclear; such transfers often precede liquidity events, though no sale is confirmed.

Transfers to exchanges have coincided with selling pressure from ETF-related activity and spot Bitcoin inflows, contributing to overall liquidity dynamics.