Bitcoin whale transfers $34 million in BTC dormant since 2013

A Bitcoin wallet dormant since 2013 transferred 411.45 BTC, now worth about $34 million, to a new SegWit address on Sunday. The coins were acquired when Bitcoin traded around $131, and the owner held through major market cycles including the 2017 boom and 2022 FTX collapse. The transfer to a modern address suggests a security upgrade rather than an imminent sale, as the funds have not moved to an exchange.