#比特币巨鲸动向
🐋 Current Bitcoin Whale Movements
⸻
1️⃣ Whale Awakening | BTC that hasn't moved for 14 years reappears on-chain
An old address activated in 2009 suddenly transferred over 80,000 BTC (approximately $8.6 billion) in several batches to new addresses. This is one of the earliest miners in history, and this amount of funds has not moved for 14 years, raising high market concerns about whether it is a precursor to a sell-off.
🔍 Key Observation: Funds did not flow to exchanges; it currently appears to be a “safe transfer” or asset re-management.
⸻
2️⃣ Short-term Price Volatility | Panic Triggers Liquidation Wave
After the news was released, Bitcoin briefly dropped over 10%, and market sentiment turned bearish, with liquidation amounts exceeding $300 million in 24 hours. However, the price then stabilized above $105,000, indicating that bulls still have some support.
📉 Key Support Zone: $105,000 to $108,000. If lost, the pullback will widen.
⸻
3️⃣ Whale Transfers ≠ Sell-off | No cash-out actions observed
These transferred BTC did not enter centralized exchanges, nor was there any significant selling pressure in the OTC market. Analysis suggests it could be a diversion between cold and hot wallets or a restructuring of asset planning, possibly involving family trusts or institutional custody transfers.
🧊 Conclusion: Transfer ≠ Sell-off, do not panic excessively.
⸻
4️⃣ Overall Trend of Whales Changing? | From Absorption to Release
According to CryptoQuant data, whale holdings have been continuously increasing over the past six months, but a net outflow phenomenon appeared for the first time in July, indicating that some whales might be cashing out or reallocating at high levels.
📊 Observation Point: A continuous outflow plus inflow to exchanges would signal a clear sell-off.
⸻
5️⃣ ETF Provides Stable Buying | Bulls Still Have Confidence
Although the transfer from old addresses has caused market unease, capital in Bitcoin spot ETFs continues to flow in, especially from the US with BlackRock and Fidelity showing stable inflows, forming medium-term support.
💼 Source of Support: While retail investors panic, institutional funds are seizing the opportunity to accumulate.
⸻
6️⃣ Operational Suggestions | Safe Strategies Amid Whale Storm
✅ Short-term Recommendation: Observe whether $105,000 holds; if stable, consider phased positioning.
❌ Avoid chasing highs: Awakening whales usually won’t sell immediately, but will make the market highly sensitive.
📈 Medium-term Positioning: If whales do not materially sell off, coupled with continuous ETF inflows, there is still a chance to return to bullish territory.
