🐋 Whales have awakened: $8.6B in BTC activated after 14 years of silence. What does this mean for the market?
Yesterday, eight wallets from the Satoshi era came to life, which had not moved since 2010–2011. The volume of BTC moved is over $8.6 billion. The market reacted instantly: Bitcoin dropped from $109K to ~$107.5K.
📉 For some traders, this is a troubling signal:
Are old players planning to take profits after historical highs?
🔍 But I lean towards another interpretation:
— such movements could be internal transfers or a restructuring of storage
— long-term holders do not resemble those who exit at the peak of emotions
— the activity was not accompanied by a massive dump of BTC on the exchange
💡 In my opinion, this is not a sell-off, but rather a reminder of the depth of Bitcoin's history. And the market reaction is yet another reminder: liquidity is still not as deep as one would like.
🎯 BTC remains in a strong uptrend. Key levels for me: support — $104K, resistance — $112K+.
How about you — do you panic when old whales wake up, or do you see this as background noise in a long game?
