According to Lookonchain, a Bitcoin wallet that had been inactive for 11 years has just transferred 300 BTC, currently valued at $31.1 million, to a new wallet. The wallet originally received the 300 BTC when the price was just $447, totaling $134,000 at that time (source: Lookonchain via intel.arkm.com). This large-scale movement of long-dormant coins is often watched closely by traders, as it can signal potential selling pressure or renewed whale activity. Historically, such events have led to short-term volatility in BTC price and increased trading volume, making it a key signal for both spot and derivatives traders to monitor (source: Lookonchain, May 13, 2025).