比特财经阿杰
--
Whale Awakening! Bitcoin Under Pressure and Plummeting as 10-Year Dormant Wallets Unexpectedly Revive, Causing Huge Market Waves
On the evening of August 25, the Bitcoin market experienced a sudden change, with the price plummeting by 2.2% in just 9 minutes, instantly dropping to $112,174, and a market value evaporating by $45 billion. This sudden crash caught countless investors off guard. According to cryptocurrency analyst Willy Woo, the culprit behind this crash was actually those OG (original) whales who bought Bitcoin at $10 in 2011.
Cold Wallet Recovery: Underestimated Liquidity Risk
For a long time, the market has generally believed that the Bitcoin wallets that have not moved for over 5 years have long lost their keys, and this portion of Bitcoin is considered to have exited the actual circulation. Therefore, when predicting Bitcoin's price expectations, the market generally analyzes based on an actual circulating supply of approximately 7.1 million Bitcoins, without incorporating the share of these long-dormant wallets into liquidity considerations.
Cold Wallet Recovery: Underestimated Liquidity Risk
For a long time, the market has generally believed that the Bitcoin wallets that have not moved for over 5 years have long lost their keys, and this portion of Bitcoin is considered to have exited the actual circulation. Therefore, when predicting Bitcoin's price expectations, the market generally analyzes based on an actual circulating supply of approximately 7.1 million Bitcoins, without incorporating the share of these long-dormant wallets into liquidity considerations.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
191.52
-3.18%
ETH
4,538.99
-1.95%
LINK
24.29
-1.18%
