Cryptocurrency13 Oct 2026SEO 801 min read

Analysis: Bitcoin whale that sat through the March 2020 crash moves $378 million

A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain. A long-dormant bitcoin wallet transferred about…

A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain. A long-dormant bitcoin wallet transferred about 4,582 BTC, worth $377.6 million, to five addresses Monday, and none of the recipients has moved the coins. The wallet received the Bitcoin in March 2020, days before the cryptocurrency plunged below $4,000, when the holdings were worth about $40.8 million. Transfers from long-inactive wallets can signal potential selling and market volat…

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