Satoshi-Era Whale Awakens: Bitcoin Holdings Shuffle Sparks Sell-Off Fears as Price Soars

Bitcoin's ancient whales are stirring—and the market's holding its breath.

One of the OG Bitcoin holders just moved a chunk of their Satoshi-era stash. With BTC climbing hard, is this the calm before a sell-off storm?

These crypto dinosaurs don't wake up for nothing. When they shift coins, exchanges tremble. Last time this happened, we got a 20% correction. Coincidence? (Wall Street would say 'technical adjustment'—same difference.)

The real question: Is this whale taking profits or just stretching their fins? Either way, their next move could send shockwaves through the market. Just remember—in crypto, 'veteran investor' means someone who still has keys from 2010.

Big whale dump incoming?

Large transfers by long-term holders often signal preparations to sell, especially when they align with strong price action like Bitcoin’s recent surge above $123,000.

Also, the FLOW of funds didn’t just stop with the whale’s transfers. On-chain data shows that Galaxy Digital has already sent 6,000 BTC, worth $706 million, to major exchanges including Binance and Bybit, adding weight to the idea of a potential sale.

For now, Bitcoin is holding steady around $118,200. If the full 40,000 BTC makes its way to exchanges, the selling pressure could trigger short-term price volatility.

Meanwhile, the 80K-BTC whale is not the one making moves. Earlier today, a separate wallet was spotlighted transferring 1,042 BTC, worth about $122.5 million, to a new address after sitting idle for six years. This second wallet originally received the coins back when Bitcoin was trading NEAR $8,746, making the stash worth just $9.12 million at the time. 

The wave of activity adds to the growing trend of long-inactive wallets coming back to life as Bitcoin hovers near record highs, and whether these awakenings turn into full-scale liquidations remains to be seen.