Whales occasionally transfer large amounts of BTC, signaling asset reallocation and the potential for upcoming growth in the market.
The sudden activity of long-term Bitcoin whale wallets, combined with positive signals from institutional investors, creates a warning for a new wave in the cryptocurrency market, while retail investors remain quite indifferent.
MAIN CONTENT
Bitcoin whales have moved 8.69 billion USD BTC, marking a surprising reactivation from wallets existing since 2011.
Open interest data suggests that institutional capital may be about to return to the cryptocurrency market.
Retail investors remain cautious, creating an opportunity for the next growth phase when they re-engage.
Bitcoin whales have just reactivated, is there anything unusual?
According to data from analyst Conor Grogan, the eight oldest Bitcoin whale wallets (from 2011) have each transferred 10,000 BTC, totaling approximately 8.69 billion USD. These transfers occurred within just a few hours, with manual non-automated actions, indicating that this was an intentional decision rather than an automated trading operation.
Prior to these transactions was a test transaction on Bitcoin Cash (BCH), which is very rare for whales as they usually focus on BTC. This raises hypotheses about the possibility of private keys being compromised or manipulated, but notably, BCH wallets were not affected, while the BTC transaction exhibited abnormality in its manner and timing.
"There is a slight chance that the 8 billion USD BTC just activated is due to a hacked or compromised private key..."
Conor Grogan, cryptocurrency analyst – July 2025
What signals are coming from institutional investors?
Open interest data in the cryptocurrency derivatives market, especially over the 30 and 180-day periods, has shifted to a positive state, revealing a trend of institutional capital beginning to return. This is often an important indicator before strong price surges in the cryptocurrency market.
Analysis from Alphractal indicates that, despite short-term volatility, the green dual open interest trend suggests that many large funds and institutions are preparing to engage more in the market in the coming months, which will drive the price increase for Bitcoin in particular and cryptocurrencies in general.
"The return of institutional capital is a strong signal for the next growth cycle of the cryptocurrency market."
Alphractal Analysis Team – July 2025
Why are retail investors still silent and what does that mean?
Information from the Bitcoin mempool indicates that the number of unprocessed transactions is at an unusually low level, implying that demand from retail investors is not truly abundant. This is a rare phenomenon in the context of whales and institutions actively participating.
History shows that strong price surges are often reinforced by a positive return from the retail investment group after a cautious period. Additionally, the current quietness in the individual investor group may signal an attractive investment opportunity before they ramp up market participation, creating an important second price surge.
Comparison table of whale activity and recent market signals
Criteria Whale Activity BTC Open Interest Data Organizational Order Individual Investor Behavior Trading Volume 8.69 billion USD BTC in lots of 10,000 BTC exactly Open orders reversing to bullish state in 30 and 180 days Low trading, empty mempool, few transactions from retail investors Time Occurring Within several consecutive hours, starting from a long-term wallet 2011 Continuously updated, reflecting several months of trends Long period of indifference, no signs of strong increase Market Significance Proves asset reallocation or preparation for a new trend Indicates institutional capital preparing to re-enter the market Currently in a recovery phase lacking momentum
Frequently asked questions
Who are Bitcoin whales and how do they impact the market? Bitcoin whales are wallets that hold a large amount of BTC, capable of significantly impacting prices when moving or trading large quantities. They are often considered experienced investors with profound market influence. How to recognize signals from open interest data? Increasing open interest indicates that institutional capital is preparing to enter the market, helping forecast long-term and strong price trends. Why haven’t retail investors participated strongly despite bullish market signals? Retail investors tend to be cautious after periods of volatility, waiting for stable trend confirmations before risking large investments. Should you invest immediately when you see whales making large moves? Whale activity is just a warning sign; investors need to combine technical analysis and risk management to make appropriate decisions. What signals indicate the return of a strong price surge? An increase in institutional capital combined with increased trading from retail investors and disruptions in the mempool often forecasts this.
Source: https://tintucbitcoin.com/bitcoin-869-ty-usd-btc-di-chuyen/
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