Whale Move Over 100,000 BTC From Old Bitcoin Wallets Wey Don Last Ten Years
Two decade-old Bitcoin wallets don move total 101,857 BTC (≈$10.28 billion) for separate on-chain transfers. For July 20, one anonymous whale move 81,857 BTC go three fresh addresses. Two other wallets wey never move since April 2011 move 20,000 BTC before. On-chain analytics firm Glassnode talk say this transfer na the biggest daily move of old Bitcoin wey dem don ever record. Data from Lookonchain and CryptoQuant show say these moves show long-term whale accummulation no be because dem wan sell quick. Even with the big outflows, Bitcoin still hold above $108,000, no immediate sell-off. Traders suppose dey watch exchange inflows and on-chain metrics because market fit get more wahala volatility. If whales continue to accumulate and selling pressure reduce, e fit support bullish outlook with price momentum wey fit reach $118,000 all-time high.
Bullish
Big transfers from old Bitcoin wallets dat dey over ten years old to new addresses dey show say big whales dey gather and dem dey reduce how much dem dey sell. On-chain metrics from Glassnode, Lookonchain and CryptoQuant confirm say these moves na for holding long time no be for selling off. Plus, Bitcoin price still stable pass $108,000 even tho more than $10 billion dey flow out, e show say demand strong. Even tho these big on-chain transfers fit cause short time wahala, steady whale movement and small exchange inflows go likely support the market to go up. Traders suppose watch for momentum to reach $118,000 high as confidence for Bitcoin dey grow.