Bitcoin Plunges As Enormous Satoshi-Era Whale Begins Selling Holdings

By Moon5Labs – Binance Square (adapted)

📅 July 17, 2025

In a dramatic move shaking the crypto markets, a massive Bitcoin whale — dormant since the Satoshi era — has begun moving and liquidating holdings, triggering a sharp sell-off and renewed fears of deeper corrections.

🔍 A Sleeping Giant Wakes

Blockchain analysts flagged an address containing over 1,000 BTC, mined back in 2010, which suddenly sprang to life early Thursday morning. The coins, untouched for over 15 years, were split across several wallets and partially sent to major exchanges, including Binance and Coinbase.

📉 Market Reaction

As the movements were confirmed, Bitcoin’s price tumbled by 6.7% in less than 12 hours, briefly dipping below $56,000 before stabilizing around the $57K mark. Altcoins followed suit, with Ethereum dropping 5.1% and Solana shedding over 8%.

💬 Expert Take

"This is not just profit-taking — this is a psychological bombshell," said crypto analyst Linda Zhao. "Whales from the Satoshi era carry mythical weight. If one’s selling, others may follow. That uncertainty alone can spark a cascade."

📦 The Bigger Picture

Satoshi-era wallets — especially those active before 2011 — are often associated with early Bitcoin pioneers and possibly even Satoshi Nakamoto himself. Though there’s no evidence linking this whale to Satoshi, the timing and historical origin of the coins has ignited speculation.

🧭 What's Next?

Some analysts see this as an isolated event. Others warn it could be the start of a broader pattern, as early adopters may now be ready to cash out in aging portfolios. Traders should watch for further whale wallet movements in the coming days.

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📸 Suggested Concept Image:

Prompt for AI-generated image:

“A mysterious hooded figure in the shadows of a digital vault, ancient Bitcoins glowing in golden light, with a chart crashing on a holographic screen in the background. Cryptocurrency symbols float in the air. Moody, cyberpunk style.”