14 years, 140,000 times! Less than $1 for $BTC, so envious! After 14 years of slumber, the $BTC address has awakened.
50 minutes ago, transferred 10,000 BTC to address 1GcCK...qHCiU, worth $1.09 billion! These tokens were worth only about $7,610 in 2011, appreciating over 140,000 times.
I checked, and in April 2011, only Mentougou was established, and Bitcoin China wouldn't be around for another two months.
This sudden transfer from a BTC whale that hasn't moved for 14 years mainly signals that sentiment outweighs actual selling pressure. On-chain data shows that large amounts of BTC have only swapped to a new wallet and have not flowed to exchanges yet, indicating limited selling pressure risk. Short-term market sentiment fluctuations are inevitable, but the structural trend has not been disrupted.
Awakening of early whales is often driven by motives such as asset restructuring, inheritance, or security upgrades, and not necessarily a reduction in holdings. Currently, the funding environment still leans towards institutional accumulation, with clear signs of rotation among major players, and the market interprets this as a sign of a new allocation phase.