The ancient giant whale that previously transferred over 80,000 BTC may have conducted a migration operation due to an address upgrade, moving addresses starting with '1-' to addresses starting with 'bc1q-'. Currently, there are no signs indicating that this ancient giant whale is selling its Bitcoin.

Eight dormant Satoshi-era Bitcoin wallets that have been inactive for 14 years have been reactivated, transferring a total value of $8.6 billion in Bitcoin since last night. If this amount were to be sold, BTC would be severely impacted, but it is also a good thing, as it means BTC can be bought at a lower price.