The Awakening of the 'Ancient Giant Whale' Causes a Stir! Yesterday, a Bitcoin address that had been dormant for over 14 years suddenly moved, transferring about 80,000 BTC (worth nearly $9 billion) within hours, instantly igniting the cryptocurrency community and causing panic among some investors.
Initial speculation pointed to the reappearance of Satoshi Nakamoto, but on-chain data confirmed that the address belongs to an early 'independent miner', not Satoshi Nakamoto.
In the face of market concerns, it’s important to view the situation rationally:
Holding Coins vs. Negative Sentiment: For non-holders, this news is irrelevant; for holders, there’s no need to panic. Observing large institutions like BlackRock and MicroStrategy, which still hold massive amounts of BTC, they remain calm—so why should ordinary investors worry?
Massive Holdings Difficult to Liquidate Quickly: Such a large amount of BTC, if owned by an individual, would be nearly impossible to sell all at once on the open market— the market cannot bear such pressure, prices may not meet expectations, and the risk of 'holding too much' is high. It's more likely to be sold through over-the-counter (OTC) trades or gradually over time. If it belongs to an institution, there’s even less to worry about, as institutions are currently aggressively acquiring, and they wouldn’t easily sell off core assets.
Market Resilience Has Been Proven: Despite a negative shock, the market briefly dropped sharply (such as a drop of about $3,000), but quickly rebounded (such as recovering over $1,000). This potential selling pressure of billions of dollars is completely within the digestible range for giants like BlackRock and MicroStrategy.
If Selling Occurs, It Might Create Opportunities: Even if 80,000 BTC decides to leave the market, the primary pressure would also be on institutions and exchanges. If there were reckless 'dumping' at any cost, it could create excellent buying opportunities for long-term investors!
The Core Value of Bitcoin Remains Unchanged: The narrative of scarcity with a total supply of 21 million coins is solid, and long-term demand remains strong. A few tens of thousands of coins being moved cannot shake the fundamental structure, and there are many buyers ready in the value range.
While the 'Ancient Giant Whale' has caused a stir, based on rational analysis (holding structure, large disposal logic, market absorption capacity, BTC value foundation), there’s no need for panic; rather, one can focus on the potential opportunities it may create.
