Bitcoin Price Crash Ahead? Satoshi-Era Whale Dumps 12,000 BTC
A dormant Bitcoin whale from the Satoshi era transferred 12,000 BTC worth $1.4 billion after 13 years, marking one of the most profitable on-chain Bitcoin sales in history. The unexpected transaction caused Bitcoin prices to briefly dip 2% as traders feared a potential massive sell-off. Analysts suggest Bitcoin needs to reclaim $105,000 to spark renewed buying momentum; otherwise, it risks falling back to $100,000 or lower.
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Dormant Satoshi-Era Whale Moves 12,000 BTC
A dormant Satoshi-era whale has made headlines by transferring 12,000 BTC, worth approximately $1.4 billion, after a period of 13 years of inactivity. This unexpected movement has drawn significant attention, as it is one of the largest transfers in the history of Bitcoin.
Record-Breaking Profitable Sale
Analysts have confirmed that the transaction marks one of the most profitable on-chain Bitcoin sales ever recorded. The wallet had remained untouched since the early days of Bitcoin, when the cryptocurrency's value was below $100. Over this period, Bitcoin's price surged dramatically, reaching values over $100,000, turning the whale's holdings into a massive fortune.
Immediate Market Reactions
The transaction caused Bitcoin prices to dip briefly by 2%, as traders speculated that further whale-driven selling might ensue. This unexpected transaction triggered panic among traders, with growing concerns over a potential market sell-off led by early Bitcoin holders, potentially impacting market stability.
Potential Market Impacts
Market analysts suggested that if Bitcoin can reclaim and hold above $105,000, it may lead to renewed buying momentum and a potential price climb toward the $107,000 mark or higher. However, failure to break the key resistance level might result in a brutal drop toward the $100,000 support zone, or potentially even lower.