More than $ 1 billion in BTC was moved from a long -flocking wallet “Satoshi Era” -just like Bitcoin edges to a new of all time.
According to To blockchain analytics platform place on the chain, the wallet moves 10,000 BTC, with a value of approximately $ 1.09 billion, to a new address after 14.3 years untouched.
Records at the chain indicate that the BTC was originally taken over on 3 April 2011, for only $ 109,246, which translates into an average acquisition price of $ 0.78 per coin. As such, the whale looks at returns of more than 140,000 times about the initial investment.
Although the exact motivations behind the massive transfer remain unclear, it comes at a time when Bitcoin (BTC) seems to be ready to achieve a new of all time, with analysts who anticipate the milestone by the end of this week. Currently priced at $ 109,100, the leading cryptocurrency is slightly less than 3% away from the previous high.
Such movements often precede the sales activities, because large investors tend to collect at lows and achieve profit in the vicinity of highlights. It is possible that the whale can move money from a cold wallet to an exchange or a hot wallet.
In the meantime, sentiment seems to be shifting more widely under large Bitcoin holders. On-Chain Analytics from Sentora reveal Those whales with more than 1,000 BTC have gradually reduced their balances in recent weeks.
Although such a distribution could exercise short-term sales pressure, Sentora analysts claim that this trend can be a positive structural shift.
“Instead of signaling weakness, this redistribution reflects an adult market,” said Sentora. “Older ‘whales’ coins spread, a dynamic that should ultimately strengthen Bitcoin’s long -term perspectives.”
Data of Glass node offers a more nuanced counterpoint. The “liveliness” metthrical of the platform, which measures the extent in which BTC holders are spent versus holding, has continued trends to continue trends.
In contrast to earlier cycles, where taking a profit as prices reached new highlights, the current behavior suggests that investors retain their positions in the long term, even near peak valuations.
Support this trend, the total BTC held by long -term holdersdefined as those who have held for more than 155 days, has reached a record high of 14.7 million coins.
In particular, most of the BTC that were obtained near the $ 100,000 breakout threshold remains unmoved, which reflect the growing belief and reduced speculative pressure among investors.
Institutions increase their BTC purchases
While long -term whale holders could position their participations for a sale, institutional investors have steadily increased their exposure to Bitcoin.
In the past week, several companies have announced ambitious plans to set up or expand Bitcoin treasure boxes. These include Fragbite Group, whose stock 64% increased after revealing its intention to allocate part of its balance to BTC, and Vanadi Coffee, who won more than 240% in one month after the shareholders are approved to invest up to $ 1.1 billion in Bitcoin.
Other companies that jump in include Belgravia Hartford, who revealed that it had provided $ 1 million in financing to grow his BTC Treasury, while Green Minerals in Norway announced a plan to collect $ 1.2 billion for the same purpose.
The increase in business interest shows a growing institutional interest in Bitcoin as a strategic reserve resistant, especially because it comes closer to the area discovery. It comes as a growing number of analysts who project even higher goals for BTC in the coming months.
According to For crypto trader Cryptofayz, if Bitcoin breaks his current highest high point of $ 111,960, a continuation of up to $ 116,000 is likely, with reference to technical card structures.
In the meantime, long -term projections are still bullisher. Standard Chartered and Bernstein predict both Bitcoin by the end of 2025 $ 200,000, while Bitmex has set co-founder Arthur Hayes an even higher goal at the end of the year of $ 250,000.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
