80,000 Bitcoins activated wallets, is the market starting to panic?
Today’s news has scared many people:
An independent miner who has been dormant for 14 years suddenly activated 8 wallets, transferring a total of over 80,000 BTC, worth about $8.69 billion at current prices.
Moreover, this is just a “part” of his total holdings — it is said that he once owned 200,000 BTC, equivalent to a net worth of $22 billion, which could rank him among the top 100 wealthy individuals in the world.
Why did this news cause panic?
The news broke just as the U.S. Independence Day holiday was underway, with market liquidity already low.
There were no accompanying institutional buy-ins, ETF inflows, or positive arbitrage benefits,
yet suddenly there was a heavy bearish signal with the “giant whale’s revival,” which is too coincidental.
As a result:
Before we even got confirmation on whether this miner had sold,
the price of Bitcoin has already started to plummet, leading to widespread panic in the market.
We believe the news is true and are prepared for the worst.
If he really sells, will it drop to $70,000? $60,000? Or even lower?
Then we will slowly buy in; opportunities for positioning in the golden pit are rare.
If it’s fake news, the market will bounce back after a correction, and having chips in hand is nothing to fear.
Blockchain is not anonymous; it is simply public but “difficult to understand.”
As I mentioned before:
Many major national security agencies and hackers have long scanned the status of these “dormant wallets” across the entire network.
Now that the activation news has come out, the market reacted sharply, indicating that most people are not really “transparent on-chain.”
Behind every crash, there is often a washout and turnover, or even the final shakeout before a new cycle.
I choose not to panic; instead, I feel excited.
Historically, every time there has been a crash, whether from China, Germany, or hackers offloading, it has ultimately turned into a golden pit.
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