Satoshi-Era BTC Whale Moves 100,000 BTC After 14-Year Dormancy
On July 4 and July 6, a Satoshi-era BTC whale movement saw 80,000 and 20,000 BTC—aged since 2010–11—transferred into new cold wallets after 14 years of dormancy. This major BTC whale movement, totalling 100,000 BTC (roughly $10.8 billion), involved ten 10,000 BTC batches with no deposits to exchanges. Originally mined at about $0.78 each, these coins represent a 140,000× return. While the transfers briefly weighed on Bitcoin price, triggering a pullback from recent highs, analysts note the off-exchange nature suggests custody shifts rather than imminent sell-offs. Traders should monitor large BTC whale movements for insights into market volatility and sentiment.
Neutral
The whale movement involved large, decade-old BTC transfers into cold wallets without exchange deposits, indicating custody adjustments rather than immediate selling pressure. Although the initial transfers briefly cooled bullish momentum and spurred a price pullback, the absence of exchange flows suggests limited supply shock. In both the short and long term, traders can interpret such off-chain BTC whale movements as sentiment indicators, but the lack of sell-off signals a neutral impact on Bitcoin price stability.