Bitcoin whales awaken! 20,000 BTC movements trigger market panic, is the bull market over or a buying opportunity?

On July 4, 2025, two dormant Bitcoin wallets that had been inactive for over 14 years suddenly activated, transferring 20,000 BTC (worth $2.18 billion) in a single day, causing a market crash! The price of Bitcoin plummeted from $110,000, with over $500 million in liquidations across the network. Is this 'whale shock' the death knell for the bull market, or a golden pit before institutional buyers swoop in? On-chain data and macro signals hide secrets!

1. Whale Movements: The Game Behind 140,000x Returns

- Epic Selling Pressure: Two wallets established in 2011 (average price $0.78) transferred 20,000 BTC on July 4, achieving a return rate of up to 140,000 times. Analysts speculate it might be due to upgrading wallet security or OTC sales, but market panic spread instantly.

- Liquidity Siphoning Effect: The BTC balance on exchanges has fallen to 2.49 million, the lowest in nearly 7 years! Institutions continue to accumulate through ETFs and corporate treasuries, with 9% of the circulating supply controlled by institutions, and sovereign governments holding 463,000 BTC, intensifying the supply-demand conflict.

> 💎 Key Conclusion: Whale selling ≠ end of the bull market! The 'blood loss' of exchanges reflects long-term holders' reluctance to sell, while institutions increasing their positions during declines is the mainline logic. #突破交易策略 ##币安八周年 $BTC