The Giant Whale Awakens! 24-hour frenzy of 17,283 BTC transferred, $1.88 billion operation shakes the crypto world!
A certain dormant whale/institution address has recently awakened, transferring 9,000 BTC on July 9, approximately $977 million, with a total of 17,283 BTC transferred in the past 24 hours, about $1.88 billion. On-chain data shows that this address has been dormant for 4-6 years; this transfer is likely a preparation for asset restructuring or subsequent operations, and the funds have not yet flowed into exchanges, indicating limited short-term selling pressure.
Currently, the price of $BTC is fluctuating around $109,000, attempting to break through the historical high of $110,000, but there is resistance at high levels. Global economic uncertainty has increased due to Trump's tariff policies, which may affect Bitcoin's safe-haven attribute.
Historical cases show that transfers of BTC by dormant whales do not necessarily lead to market crashes; for example, similar operations in 2024 did not trigger significant market fluctuations. Institutional funds continue to flow in, with BlackRock's BTC ETF exceeding 700,000 BTC, and CME futures trading volume surpassing Binance, indicating rising demand for derivatives.
The market needs to pay attention to the inflow of funds into exchanges on-chain and the support level at $108,000. If this level holds and breaks through $110,000, it may continue the upward trend; conversely, if the whale sells off or the macro environment worsens, the risk of a short-term pullback will increase.
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