Satoshi-Era Bitcoin Wallets Move 80K BTC, Market Updates
Eight dormant Satoshi-era Bitcoin wallets moved a total of 80,000 BTC to new SegWit addresses—the first activity since 2011. According to Lookonchain, the coins bypassed exchanges, suggesting long-term repositioning rather than selling. On the regulatory front, the FTX Recovery Trust filed to distribute assets to creditors in 49 restricted jurisdictions, including China and Russia. In Brazil, hackers stole $140 million from a central bank service provider and laundered $30–40 million via regional OTC desks and exchanges, converting funds into Bitcoin, Ethereum and USDT. DeFi Development Corp boosted its Solana treasury by 17,760 SOL, raising its total to 640,585 SOL. The IMF rejected Pakistan’s bid to subsidize power for Bitcoin mining, warning of market distortions. The U.S. SEC paused Grayscale’s Digital Large Cap Fund conversion just one day after approving it. Ripple teamed up with OpenPayd to build stablecoin rails and pursue a national banking license, while Deutsche Bank selected Bitpanda to launch crypto custody next year. Iran’s Nobitex exchange resumed operations after a $90 million hack. Robinhood announced plans for its own Arbitrum-based blockchain and tokenized stocks. Institutional Bitcoin buyers remained active: MicroStrategy added 4,980 BTC for $532.6 million, bringing its total to 597,325 BTC; Metaplanet acquired 1,005 BTC, taking its holding to 13,350 BTC.
Bullish
The movement of 80,000 BTC from long-dormant Satoshi-era wallets without any exchange deposits signals continued holding rather than selling pressure. Coupled with major institutional buyers such as MicroStrategy and Metaplanet adding significant Bitcoin positions, demand outlook remains strong. Recent regulatory and security developments have limited immediate price shocks, reinforcing a bullish market sentiment for Bitcoin in both the short and long term.