#比特币巨鲸动向 Bitcoin Whale Movements: 14-Year Dormant Address Activity Causes Market Turbulence

From July 4 to 5, Bitcoin on-chain monitoring showed that several "ancient whales" addresses suddenly activated, transferring a total of over 100,000 BTC (worth over 10 billion USD). Among them, two dormant addresses that had been inactive for 14.3 years transferred out 20,000 BTC (costing only 0.78 USD each in 2011, a return rate of 140,000 times), sparking speculation in the market about Satoshi Nakamoto "cashing out", but analysis points towards early miners or security upgrades.

During the same period, another whale deposited 1,750 BTC (about 48 million USD) into Binance, with historical behavior showing that its transfers are often accompanied by short-term selling pressure, exacerbating market volatility. Meanwhile, institutional investors continue to increase their holdings, such as a mysterious entity withdrawing 1,350 BTC from Binance, bringing total holdings to 20,700 BTC (worth 2.19 billion USD), highlighting the divergence between bulls and bears.

Market reactions are mixed: Bitcoin briefly fell below 109,000 USD, but institutional funds (such as ETF inflows) and the key support level of 100,000 USD still provide a buffer. Analysts point out that if whale transfers do not flow into exchanges, the actual impact is limited, but the emotional amplification effect is significant.