Satoshi-Era BTC Whale Moves $4.77B Ahead of Potential Sale
A Satoshi-era Bitcoin whale awakened after 14 years, transferring 40,192 BTC (about $4.77 billion) on July 4 to a new wallet. Earlier, it moved 40,009 BTC to asset manager Galaxy Digital on July 15, which then routed 6,000 BTC to Binance and Bybit. The whale’s eight addresses originally received 80,201 BTC in April–May 2011. These large on-chain flows signal renewed supply pressure on exchanges and heighten the risk of a major BTC sell-off, potentially impacting short-term price dynamics. Traders should monitor exchange inflows and on-chain activity. Major early holders like Satoshi Nakamoto, the Winklevoss twins, Tim Draper and Michael Saylor remain inactive.
Bearish
The movement of over $4.7 billion in BTC from a long-dormant Satoshi-era whale to exchanges and intermediary wallets signals potential sell pressure. Historically, large transfers to exchanges precede bearish price action as supply increases. In the short term, traders can expect downward volatility due to heightened exchange inflows. While long-term impact depends on broader market sentiment, the immediate effect is likely bearish for BTC.