Breaking! A Whale from the Satoshi Nakamoto era, which had been dormant for 14 years, has awakened, and 20,000 BTC have appeared in unusual on-chain movement.

Core Event: Ancient Whale Transfers $2.12 Billion Bitcoin

• On-chain data reveals large movements: Blockchain data shows that a dormant 14.4 years old “Satoshi Era” Bitcoin Whale wallet has suddenly awakened, transferring a total of 20,000 BTC within a few hours, worth up to $2.12 billion at the current Bitcoin price of about $109,000.
• Specific Transfer Path: According to BitinfoCharts data, this Whale address (NY8gD…) first deposited 10,000 BTC (worth about $1.09 billion) into a new address (TSmxj…). Within an hour, another 10,000 BTC was transferred to another address (ECyqH…).
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• History and Windfalls: This wallet (NY8gD…) initially received these Bitcoins on April 3, 2011, when the BTC price was only $0.78, with an initial investment cost of approximately $7,805. This means that this Whale currently holds an astonishing about 140,000 times paper profit.
• Market Concerns: The unusual on-chain activity of such “ancient Bitcoin” has immediately attracted widespread attention from the crypto community, with investors worried about whether this signals a potential mass sell-off approaching or just wallet consolidation. The current price of Bitcoin is at a critical position, and the market is increasingly divided on the future direction, with a strong sense of wait-and-see.

Long-term holders have strong confidence, spot Bitcoin ETFs continue to attract capital

• Long-Term Holders (LTH) Lockup Hits Record: Despite concerns over volatility triggered by Whale movements, blockchain analytics platform Glassnode reports that Bitcoin long-term holders (LTH) currently hold a record 14.7 million BTC.
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• Cost Basis Supports Confidence: More importantly, most of these long-term holders bought their Bitcoin when it broke through the $100,000 mark. A higher cost basis means they have a lower willingness to sell in the short term, which helps to reduce market downside risk and provides stronger support for future price increases.
• Policy benefits supported: In addition, the recent progress of the “Big and Beautiful Act” (focusing on cryptocurrency regulation) supported by former U.S. President Trump has further enhanced the confidence of long-term holders, reducing their motivation to sell.
• Strong Inflows for Spot Bitcoin ETF: On the other hand, the inflow momentum for the Spot Bitcoin ETF remains strong. On July 3 (Thursday) alone, the net inflow reached $601 million.
• Main Contributors: Among them, Fidelity’s FBTC leads with an inflow of $237 million, followed closely by BlackRock’s IBIT, which saw an inflow of $222 million. Notably, the total amount of Bitcoin held by IBIT has approached 700,000 coins, ranking in the top three among 1,197 BlackRock ETFs and serving as an important source of management fee income.
• (Source: CoinGape)