The Bitcoin whale that has been dormant for 14 years suddenly turned over, and 80,000 BTC shook the cryptocurrency circle!
Recently, the market is highly sensitive to the activation of the Bitcoin whale address that has been dormant for 14 years. The address holds 80,000 BTC (cost is only $3.37, the current price is $108,500). Although the return in 14 years is only 3.21 times (far lower than the overall increase in BTC), its sudden transfer of assets still triggered panic selling.
Such abnormal movements of ancient addresses may indeed release stage-level top signals-early holders tend to cash out when the market is overheated, but the single-day price "waterfall" is more of a short-term fluctuation dominated by emotions rather than a trend reversal.
If 30,000 BTC are shipped in a concentrated manner, it may put pressure on the $100,000 mark, but whether the bull market ends needs to be judged in combination with trading volume, technical breakthroughs and the macroeconomic environment. The activation of dormant addresses alone is not enough to be characterized as a top signal. It is more of a concentrated feedback of the market's expectations of "profit taking".
The market continues to change, we pay close attention to the market and seize new entry opportunities. Like + leave a message, let's cross the bull market together to stand firm in the market and seize the great opportunities of this round.
