#BTCWhaleMovement
Eight dormant Satoshi-era Bitcoin wallets just woke up after 14 years, moving a staggering $8.6 billion in BTC — and the market noticed. BTC quickly dipped from $109K to around $107.5K, sparking debate: is this a bearish whale dump or just long-term holders reshuffling?
Some view it as a classic sell signal — early adopters cashing out after a massive price surge. But unless those coins hit exchanges, it might just be internal transfers for security or inheritance planning. On-chain data will tell the real story.
Overall, it’s a reminder of Bitcoin’s deep history and the impact early whales still hold. As long as key support holds above $105K, I’m still cautiously bullish. Long-term fundamentals remain strong, and these moves could simply mark the return of OGs preparing for the next phase.
What’s your take — sell signal or just noise?