On December 1, a notable transaction emerged from a wallet inactive for over 11 years. The anonymous owner transferred 11 BTC (approximately $1.07 million), drawing attention from the analytics platform Whale Alert.

💤 A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO
— Whale Alert (@whale_alert) December 1, 2024

A day earlier, on November 30, another long-dormant wallet holder moved 13 BTC (~$1.26 million) to a new address after 11 years of inactivity. Back in 2013, when these coins were received, their value was around $5,850.

💤 A dormant address containing 13 #BTC (1,256,544 USD) has just been activated after 11.0 years (worth 5,850 USD in 2013)!https://t.co/2FbtrR27c8
— Whale Alert (@whale_alert) November 30, 2024

On the same day, an even larger transaction was identified. A prominent investor shifted 429 BTC (around $41.7 million) from a wallet that had been inactive for nearly 11 years.

💤 💤 💤 💤 💤 A dormant address containing 429 #BTC (41,707,628 USD) has just been activated after 10.9 years!https://t.co/iJ1j1CwmCj
— Whale Alert (@whale_alert) November 30, 2024

Despite these movements, most whales continue to avoid centralized exchanges for selling. On the contrary, analysts have observed a steady trend of large Bitcoin withdrawals from CEX platforms.

🚨 🚨 🚨 520 #BTC (50,109,820 USD) transferred from #Kraken to unknown wallethttps://t.co/FtMfTd8ha0
— Whale Alert (@whale_alert) December 1, 2024

Alex Adler, an analyst at CryptoQuant, noted that major Bitcoin holders (those with over 1,000 BTC) remain cautious about selling. On-chain data shows that the average daily inflow of Bitcoin from whales to exchanges is currently modest, hovering around 5,000 BTC.

Major players are not rushing to sell their coins!

The average exchange inflow (SMA-30D) of whales is just over 5K BTC per day.

Draw your own conclusions. pic.twitter.com/VQ70B6jSN7
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) November 29, 2024

Recent activity from long-dormant wallets isn’t new. In November, a wallet inactive for 14 years moved 2,000 BTC to a new address. In October, another whale transferred coins mined back in 2009, valued at $3.58 million. Additionally, a wallet untouched since Bitcoin’s inception shifted 50 BTC (~$3.4 million).

Conclusion: While whales are showing signs of activity, their behavior suggests a redistribution of holdings rather than a rush to sell. For now, the market remains stable as these key players exercise patience.