Satoshi-Era BTC Whale Dey Move $4.77B Before Possible Sale
Satoshi-era Bitcoin whale don wakka after 14 years, e transfer 40,192 BTC (about $4.77 billion) on July 4 go new wallet. Earlier, e move 40,009 BTC go asset manager Galaxy Digital on July 15, wey den transfer 6,000 BTC go Binance and Bybit. Di whale eight addresses originally receive 80,201 BTC for April–May 2011. Dis big on-chain flows dey signal say supply pressure don renewed for exchanges and e fit cause big BTC sell-off, wey fit affect short-term price levels. Traders suppose dey monitor exchange inflows and on-chain activity. Major early holders like Satoshi Nakamoto, Winklevoss twins, Tim Draper and Michael Saylor still dey inactive.
Bearish
Di movement of over $4.7 billion for BTC from long-dormant Satoshi-era whale go exchanges and intermediary wallets dey signal say sell pressure fit dey. Historically, big transfers to exchanges dey usually come before bear price action as supply dey increase. For short term, traders fit expect say price go dey volatile downwards because exchange inflow don increase. Even though long term impact depend on broader market sentiment, immediate effect fit be bearish for BTC.