Bitcoin Whale Moves $378M in BTC After Six Years Dormant

A six-year dormancy ending is notable less for the dollar figure than for the age of the coins: early holders from the 2020 period have been a shrinking cohort, and any movement from that vintage is read as a sentiment signal. What the transfer actually represents is unclear, since an exchange deposit, a custody reshuffle and an over-the-counter sale look identical onchain. The tell will be whether the coins land at a known exchange address or stay in self-custody, and whether other long-dormant wallets follow.