#BTCPrediction Whales 'in hibernation' for 10 years unexpectedly transfer 14,000 BTC – A significant warning signal?
According to data from CryptoQuant, a wallet that had been inactive for 7-10 years suddenly transferred 14,000 BTC, equivalent to about 1.37 billion USD at current prices.
This is one of the largest movements from 'hibernating' wallets in recent years, causing the market to question: Is this a sign of impending selling pressure, or just a restructuring of assets? Is BTC about to explode or crash? Market predictions are full of drama!
Bitcoin (BTC) is in a volatile period after the FOMC meeting in early May. Large capital flows remain on the sidelines, causing prices to fluctuate around the $90,000 - $96,000 mark. But this won't last long. On-chain data shows that the amount of BTC withdrawn from exchanges is increasing again – a sign that large wallets are accumulating.
Many experts predict that BTC will have a significant breakout next week as market sentiment stabilizes after macro news. If it breaks above $98,000, BTC could re-establish an upward trend towards $99K. Conversely, if it loses the support zone of $94,000, the market may test the $96K area again.
This is the time for investors to remain calm, find reasonable entry points, and not FOMO with the crowd.