Lookonchain wrote in its X post dated July 23, 2025, that 3 wallets just transferred 10,606 Bitcoin out after a 3-5 years of dormancy. This has suddenly raised eyebrows over long-sleeping wallets that are now booking profit as BTC is now trading at $118,841.
It is crucial to note that all these wallets that seem to be active over the last few days and transferring Bitcoins, have reportedly received Bitcoin on December 13, 2020, when one BTC was priced at $18,807.
Since the beginning of this year, Bitcoin prices have shown a dramatic change, and, most recently, this month, it has established an all-time high at $123,091, and it is speculated to soon establish a new ATH above $125,000.
With Bitcoin reaching new highs, dozens of whales that have been resting for a long time now seem to be awakening and booking millions and even billions in profit by selling their BTC that were acquired at quite nominal prices.
Bitcoin to reach $130,000 by 2025 end!
As per market experts Bitcoin is expected to break its all time high of $123,091 and might establish an all time high above $125k mark. Maybe it could also reach $130k if all the factors continue to favor it.
Bitcoin has gained huge traction, especially after the change in the leadership of the United States, as cryptocurrencies were one of the major agendas during the U.S. presidential elections in 2024.
After the U.S announced crypto treasury reserve formation, which includes cryptos like Bitcoin, Solana, and Ethereum among others, a major push in the market was seen, and now the market capitalization seems to be approaching $4 trillion mark.
Not only nations, but also private as well as publicly listed companies have opted to include Bitcoin in their reserve treasury, which is termed to be one of the major factors backing the prices of Bitcoin to skyrocket.
Also, the Bitcoin spot ETF has performed impressively well and has attracted more holders and enthusiasts than any other ETF trading in the market.
With back-to-back bullish momentum in Bitcoin prices, there are changes in its market capitalization, soon breaking the mark of $3 trillion, and the wider crypto market is expected to break the mark of $5 trillion.
