The transfer was to a modern SegWit-style wallet, indicating security and consolidation motives. No significant impact on Bitcoin’s market price has been observed.
The transaction, first observed on August 16, 2025, marks the first activity from this address since 2019.
The wallet in question holds a total of 23,969 BTC, currently valued at around $2.82 billion, making this a rare and high-stakes move from one of Bitcoin’s long-dormant holders.
There is always two things when bitcoin is moved from dormant addresses, it is either to change wallet due to security concerns like maybe the back ups for the wallet might be missing; probably one of the multiple back up they have goes missing and for security purposes they change wallet.
Another reason which I think should be why this address went life will be to take profit. This is not bad thing most especially with the fact that we are a bull season, many will be taking off some profits, and taking something like 3,000 from almost 24,000 is actually not a bad idea. This bitcoin from 2019 till now is 17x plus of the price, so it’s a good profit.
I don’t understand why you think 3,000 even if sold off to take profit will have a significant impact on the market. This doesn’t flip the usually daily volume of bitcoin.