The life of lying down and winning has begun!
A Bitcoin whale that has "slept" for a full 14 years suddenly woke up recently—not just stretching, but directly pulling out 80,000 Bitcoins, worth about $9.46 billion, and started dumping coins on the exchange!
As soon as the news broke, the market went into a frenzy, with Bitcoin crashing from a high of 123,000 to around 116,000. In just a few hours, blood pressure soared.
"Ancient giant whales" have awakened: coins mined 14 years ago are now worth 9 billion!
According to on-chain data, this early investor (estimated to be an old OG who mined in 2010) started taking action on July 4, and recently transferred about 20,000 BTC ($2 billion) to Galaxy Digital—this is not an ordinary wallet, but a large institution providing OTC trading services!
Even more outrageous, among them, 2,000 BTC have already been sent directly to exchanges, including Bybit and Binance.
This operation directly ignited market sentiment:
Is it time to start dumping?
Could it be similar to the last LFG's "system-level panic"?
Or is it just a wallet change, continuing to hold long-term?
No one knows the answer, but one thing is certain: the actions of the giant whales are enough to shake the nerves of the entire market.
Who exactly is he? Not Satoshi Nakamoto, but also not an ordinary person.
Although this batch of coins did not come from Satoshi Nakamoto's genesis address, it still sparked various speculations:
Individual miner? Back then, the computing power was low, and it was normal for one person to mine a few thousand coins.
Mentougou's old address? At that time, there was only Mt. Gox in the global exchanges, and the transfer trail matches.
Anonymous institution? The average price was only $0.78, and the phased accumulation looked very much like early fund strategies.
Whoever it is, this guy's current profit multiple is: over 140,000 times!
Yesterday, the highest price of BTC was $123,226, equivalent to this batch of coins rising over 160,000 times.
This is the true "friend of time", really lying down and winning for 14 years, waking up directly to cash out $3.5 billion... ordinary people wouldn't dare to do this.
Bitcoin is under short-term pressure, falling below $116,000.
Affected by the transfer of giant whales, Bitcoin quickly pulled back from its high today, reaching a low of 116,250, currently oscillating around 117,000.
Do you think "selling a wave is done"? Not at all. The whale still has over 60,000 coins left unspent; if he keeps dumping, isn't that like throwing a nuclear bomb on your head?!
The good news is: this batch of coins is mainly moving through OTC channels, so the impact on the spot market is not fatal.
The bad news is: coins have already started to be transferred to exchanges, which is a "charging" signal; do not take it lightly!
So what should we do? Opportunity? Or should we run?
In the face of whales at this level, ordinary retail investors shouldn't think about buying the dip too accurately; the right answer is to avoid chasing rising prices and selling in panic.
Some institutional strategy suggestions:
The short-term support level for BTC is in the range of 113,000 to 116,000; if it stabilizes, a rebound can be expected.
If it falls below 113,000, panic selling may continue.
Resistance above is around 120,000; if there are no new negative news, there is hope for a recovery.
But please remember: every action of the giant whales may bring uncertainty. Want to buy the dip? Wait for confirmation signals. Otherwise, it's easy to buy halfway up and sell at the bottom.
Summary
Don't forget, the rise in the crypto world has never relied on technical analysis or Elon Musk's tweets, but on 'holding on' + 'being patient'.
The reason this OG whale can cash out $3.5 billion in a day is not because he is good at trading coins, but because he hasn't touched his account for 14 years.
Meanwhile, those of us who stare at the market every day and engage in internal strife, the "elite of the chives", have hardly made any points.
So, sometimes the biggest opponent in trading coins is not the market makers, but yourself:
The true strongman is one who can remain still.
The CPI will be announced tonight, and the market's "second storm" is about to hit; remember to pay attention to the market and stay alert.
