Do you remember the whale who held 80,000 bitcoins in early July 2011? Today, he transferred 30,000 BTC, and currently, his wallet address shows that he only has 50,000 left. With Bitcoin dropping so much today, it's likely that he sold some.

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.