$BTC **Bitcoin Whale Shakes Market with $8B Move**
A long-dormant Bitcoin whale suddenly moved 80,000 BTC (worth $8.6B) from wallets untouched since 2011, when Bitcoin traded below $4. The entity once held 200,000 BTC ($22B today), ranking among the top Bitcoin holders ever. Coinbase’s Conor Grogan speculated it could be an early miner, exchange, or even a hack.
The timing—on a U.S. holiday weekend—sparked market manipulation fears. Bitcoin dipped from $109K to $107.5K following the news, disappointing bulls but rewarding bears on prediction platform Myriad.
Technically, Bitcoin faces resistance at $110,561 after a 15% rally in 60 days. Short-term traders are taking profits, reinforcing a "sell the news" trend. The price remains stuck in a seven-week bearish channel, suggesting further consolidation.
While the whale’s motives are unclear, the move highlights how large holders can sway markets—especially amid geopolitical tensions and Trump’s crypto policy buzz. Long-term, Bitcoin’s trajectory depends on breaking key resistance levels. For now, volatility reigns.
