10x Research: A Bitcoin wallet from the Satoshi era, dormant for 14 years, has been activated, and the market faces potential selling pressure from ancient whales.
Powered by ChatGPTAccording to 10x Research analysis, eight dormant Satoshi-era Bitcoin wallets that had been inactive for 14 years were reactivated on Friday, involving a total transaction amount of $8.6 billion. These "veteran" wallets have been a potential source of selling pressure in the market and one of the key reasons why Bitcoin has struggled to achieve significant gains over the past six months, although there are currently no clear signs that these specific wallets intend to sell. The "super whale" group, consisting of early Bitcoin miners and long-term holders, is gradually reducing its holdings, while the demand side of crypto ETFs and corporate treasuries is constantly increasing. This hidden tug-of-war may determine the short-term trend of Bitcoin. [ChainCatcher]