14-Year-Old Satoshi Wallet Dem Dey Shift 80,000 BTC Because Dem Fear Hack
For July 4, eight Bitcoin wallets wey don siddon down since 2011 move 80,000 BTC (dat be about $8.6 billion) go SegWit addresses after 14 years wey dem no move am. Blockchain analytics company Arkham Intelligence track am and see say each wallet move about 10,000 BTC so dem fit enjoy lower fee and better efficiency. No coin don sell but the sharp on-chain movement cause price fall by 1.6% to $107,564. Coinbase Head of Product Conor Grogan point one Bitcoin Cash test transfer wey happen before, warn say private key fit don leak and dem speculate say dis thing fit be the biggest crypto robbery ever. Social media waka full of Satoshi Nakamoto talk, e make long liquidations and resistance near $110,000. Crypto analyst Rekt Capital talk say Bitcoin dey try balance one key trendline since e reach $112,000 peak, e warn say if daily close fall under am, e fit cause short-term price wahala. Traders suppose dey watch Bitcoin wallets, price moves, and on-chain metrics for more moves or sell-offs wey fit push Bitcoin pass $100,000, although history show say dormant coin moves rarely cause long time price change.
Neutral
Even tho di 80,000 BTC movement go SegWit addresses trigger sharp 1.6% price dip plus make fear say hacking fit happen, no coin bin sell and historical data show say big dormant wallet transfer dey usually cause only short-time volatility. Traders fit still see more on-chain fluctuations but e no too likely say Bitcoin price go get sustained downward pressure, e go mean say long-term impact go neutral.