đł Whale Activity Snapshot
1. Dormant wallets from 2011â2011 woke up
20,000âŻBTC (~$2âŻbillion) was transferred from two addresses originally funded in April 2011. These moved to nonâexchange addresses, suggesting internal reallocation rather than selling .
No signs yet of liquidationâmarket is watching closely but no immediate supply dump .
2. Historic Satoshiâera transfer
A possible single miner moved 80,000 BTC (~$8.6âŻbillion), the largest onâchain transfer of coins minted before 2011. Again, all went to new cold wallets .
Indicates treasury reshuffling or long-term custody shiftânot immediate sell-off .
3. Active short-term whale movement
Over 8,600âŻBTC (~$930âŻmillion) transferred involving Binance and Coinbase. Mixed flows: some into exchanges, some into cold storage .
Likely OTC and portfolio rebalancing rather than panic selling .
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đ Market Reaction & Onâchain Context
BTC saw a ~2% drop shortly after the 20k BTC transfer, moving between $107Kâ$109K .
These large dormantâwallet movements often trigger volatility spikes, but exchanges have not shown big inflows yet .
đ Onâchain indicators to monitor:
1. Exchange inflows/outflows â watch for large deposits to exchanges (sell signal).
2. Dormant wallet awakenings â history shows such moves may precede volatility, but not necessarily dumping
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đ§ What to Watch
Exchange inflows: If whales route coins to exchanges, selling pressure follows.
Follow-up transfers: More movement from these ancient addresses could impact momentum.
Price support: Current key zones are $107Kâ$108K. A drop below could trigger deeper pullbacks.
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â Summary for Traders
Big dormant-wallet movesâbut mostly internal.
No immediate liquidation; market responded with mild volatility.
Watch on-chain signals and exchange flows to time entries reliably.
If you're trading BTC: use a tight strategy around $107Kâ$108K, be mindful of headline-grabbing whale activity which could ripple through price action.
