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Bitcoin (BTC) held steady on Thursday after a turbulent week that saw broader weakness across the crypto market.
Notably, over the past week, the world’s largest cryptocurrency surged by nearly 4%, resisting persistent selling pressure that weighed heavily on several major digital assets.
Amid this surge, big players seem to be starting to participate with this particular dormant whale, who has bounced back to life after 14 years.
According to data from on-chain analytics firm Lookonchain, the wallet, known as “15MZvK”, had been inactive for more than 14 years before suddenly becoming active approximately eight months ago.
The whale has been gradually reducing its holdings since that time. The whale transferred 1,000 BTC, valued at approximately $74 million, in a matter of minutes.
 
Despite the sizable transfer, the wallet still holds approximately 1,833 BTC, worth more than $135 million at current prices, suggesting potential for further developments.
The reinstatement of such an early-era wallet has sparked speculation that more long-dormant coins could return to the market, which could increase selling pressure as Bitcoin nears the $75,000 psychological level.
Additionally, data from the intelligence firm Arkham show that BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust, recorded the largest inflows among its peers last week. Over $612 million in Bitcoin was reportedly generated by the fund during five consecutive trading days.
However, not all ETF investors are in profit. The average entry price for IBIT holders is close to $89,000, leaving them with unrealized losses of approximately $12 billion. Bitcoin’s recent lows have highlighted the growing gap between long-term institutional trust and short-run market instability.
Meanwhile, Michael Saylor, the founder and chairman of Strategy, recently disclosed another significant Bitcoin transaction. The firm acquired 13,927 BTC at an average price of $71,902 per coin for approximately $1 billion.
By introducing this new feature, Strategy has acquired a total of 780,897 BTC, at a combined cost of roughly $59 billion. The company’s average purchase price now stands at about $75,577 per Bitcoin, placing its position close to the current market level.
Saylor also noted that the firm has attained a 5.6% annual Bitcoin yield in 2026, underscoring its continued confidence in the asset despite market volatility.
Moreover, the sentiment is being shaped not only by individual whales and institutional entities but also by broader macroeconomic and regulatory changes.
Geopolitical tensions, including signs of de-escalation in the Middle East, have helped stabilize risk appetite across global markets. Investors’ positive outlook has been bolstered by growing optimism about regulatory clarity, particularly amid ongoing discussions on crypto legislation.
At press time, BTC was trading at $75,006, reflecting a 1.48% surge in the past 24 hours.