The market today is in a state of confusion after the movement of 8 Bitcoin wallets from the Satoshi era containing about 80,000 BTC worth $8.6 billion after 14 years of inactivity. The current price of Bitcoin BTC is approximately 108,175.$ .
Moving a large amount of Bitcoin can scare the market, especially if no one knows if it will be sold or not. Funds have been transferred to unknown wallets, which means this could just be a shift for greater security or a new cold wallet, not an actual sale. However, if the whales are distributing, it means new demand is coming from investors and institutions. With movements towards the $150,000 mark, this move could be a beginning.
It doesn't necessarily mean a decline; it could be a secure transfer, and there is no evidence of widespread selling. If demand from institutions continues, and the price stabilizes around $108K, we might see a rise to $120–140K in the coming months.
