Every round has a story about ancient giant whales awakening, and the large transfers of dormant wallets, but this time there are indeed some highlights:
1. A wallet that has been dormant for 14 years received about one dollar's worth of Bitcoin, meaning that it has increased a hundred thousand times. I believe this level of patience has exceeded human subjective limits. This means that if there weren't objective limitations, such as losing a hardware wallet or forgetting the mnemonic phrase, it would be nearly impossible for a human to hold on for a hundred thousand times. Regardless of the institution, the super believers, or the big diamond hands, holding a hundred thousand times without moving goes beyond my understanding of humanity.
2. The story of the giant whales awakening is often just a selling point for news, but this time it might be different because I heard a version that this whale had been imprisoned for 14 years due to criminal reasons. First, this assumption indeed aligns with the premise of holding a hundred thousand times, and secondly, under such circumstances, a transfer would genuinely exert selling pressure. It's not just to scare people.
3. Perspective: short-term bearish, long-term bullish. Against the backdrop of Bitcoin’s major shifts, tens of billions of dollars aren't too much, but they will definitely have a downward impact on the short-term market. This long-dormant whale might also need some money for yachts and young models.
4. Historical echoes. Some events can only be recalled by those who participated in the transactions. I was particularly impressed that around this time last year, Bitcoin was at a critical level between 56,000 and 59,000, when news broke that the German government was starting to sell all its Bitcoin, causing the market to drop immediately. The main players chose to hammer down the market at a very critical support level, showing a clear determination for a reshuffle at that time. Now, similar news has emerged at a key position near the previous highs. How will it develop? Everyone has their interpretations, and we will wait and see.
