A Bitcoin 'dormant' wallet that had been inactive for 10 years suddenly woke up, transferring 80,000 BTC (~8.6 billion USD) last Friday. This is one of the largest long-term BTC movements in history, shaking the market and igniting concerns about selling pressure from whales.
⚒️ Early miners stir up the market
⛏️Whale wallets executed 4 transactions, each 10,000 BTC
⛏️Total: 80,000 BTC, equivalent to 8.6 billion USD
⛏️This amount of BTC had been inactive for over 14 years, believed to belong to an early miner.
⛏️Currently, the wallet still holds 120,326 BTC, worth over 17.4 billion USD.
This is the largest transfer of 'old' BTC in the past 8 years – raising concerns about a wave of selling.
📊 Liquidity cluster at $110,000: Expectation or risk?
Despite being sold off to around $107,000, BTC quickly recovered slightly to $108,196.
Heatmap data from Coinglass shows that around the $110,567 area there is a dense liquidity cluster – attracting prices like a 'magnet'.
This area could become a short-term target if the buyers (Long) control the market.
💡 Market sentiment remains strong
Even though whales cause volatility, the funding rate remains positive at 0.006%, indicating that futures traders still hold Long positions.
Investors still expect prices to continue rising – despite the supply shock.
📈 Next scenario: Breakout or adjustment?
◾Short-term resistance: $109,267 → $110,442
◾Near support: $106,259
◾Worse scenario: drop to $103,952
If it successfully surpasses $110K, BTC could reset to a stronger upward trend in the short term.
✅ Conclusion
The event of a whale transferring 80,000 BTC is a strong reminder of the risks from large capital flows. However, technical indicators still support a recovery trend – with the immediate target being $110K.
🎯 Proposed strategy:
◾Monitor the area $109,200 – $110,500
◾Risk management around $106,200 – $103,900
◾Avoid FOMO following whales – prioritize trading based on price reaction zones.
