The global digital assets market recorded a minor pullback on Friday as Bitcoin was unable to hold the $109K mark. Amid this drawdown, on-chain data shows that two resting BTC whale wallets woke up and chose to move around 20,000 Bitcoin (approx. $2.18 billion). Bitcoin price is now up by 89% over the past year.<\/b><\/p>\n
This move comes in when US lawmakers prepare for a landmark legislative blitz, \u201cCrypto Week.\u201d The event is scheduled for July 14\u201318, when the House is set to review and potentially pass three key bills that could reshape the American crypto landscape.<\/span><\/p>\n As per the data shared by Lookonchain, one wallet (12tLs9c9Rs) first bought 10,000 BTC for a mere $7,805 back in April 2011 when Bitcoin was trading at $0.78, and moved its holding just a few hours ago. Now, that same haul is worth over $1 billion.<\/span><\/p>\n Just moments later, a second wallet<\/a> (1KbrSKrT3Ge) was caught moving another 10,000 BTC, bringing the total to $2.18 billion moved in a single morning. That\u2019s a jaw-dropping 140,000x return on the original investment of $7,805. However, it is still not confirmed that these two wallets are linked to one person or entity.<\/span><\/p>\n Another wallet of this Bitcoin OG also transferred out 10,000 $BTC<\/a> ($1.09B) just now after being dormant for 14+ years.<\/p>\n 14 years ago, $BTC<\/a> was only $0.78 \u2014 that\u2019s a mind-blowing 140,000x return! https:\/\/t.co\/e2m8AunEMc<\/a>https:\/\/t.co\/G0YXqPi4mK<\/a> pic.twitter.com\/E1fgGlYA4u<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) July 4, 2025<\/a><\/p>\n<\/blockquote>\n All this comes as markets are still hesitating. Bitcoin rallied past $110,000 overnight, then pulled back to $108K levels. Despite US Bitcoin Exchange-traded funds (ETFs) continuing to accumulate, corporate treasuries stacking BTC, the market seems split between bullish momentum and macro caution.<\/span><\/p>\n Bitcoin price<\/a> is up by more than 3% in the last 30 days and is trading at an average price of $108,895 at press time. The biggest crypto is just inches away from reclaiming its recently made all-time high of around $112K.<\/span><\/p>\n The timing of this on-chain event comes when Republicans are planning to bring three major crypto bills<\/a> to the floor. Every investor\u2019s eyes are on the CLARITY Act (market structure), the Anti-CBDC Surveillance State Act, and the Senate\u2019s recently passed GENIUS Act, which aims to put stablecoins under a federal regulatory framework.<\/span><\/p>\n In a coordinated announcement on Thursday, House Financial Services Chair French Hill, Agriculture Chair Glenn \u201cGT\u201d Thompson, and Speaker Mike Johnson declared their intent to move forward with these acts. \u201cHouse Republicans are taking decisive steps to deliver the full scope of President Trump\u2019s digital assets and cryptocurrency agenda,\u201d Johnson said in a statement.<\/span><\/p>\nDormant Bitcoin wallets move $2.18b+<\/span><\/h3>\n
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GOP pushes crypto bills<\/span><\/h3>\n