TechFlow news, July 5 — According to 10x Research analysis, eight Satoshi-era Bitcoin wallets dormant for 14 years were reactivated on Friday, involving a total transaction value of $8.6 billion. These "legacy" wallets have long represented potential selling pressure in the market and were one of the key reasons why Bitcoin struggled to achieve significant gains over the past six months, although there is currently no clear indication that these specific wallets intend to sell.
A group of "super whales" composed of early Bitcoin miners and long-term holders is gradually reducing their holdings, while demand from crypto ETFs and corporate treasuries continues to rise. This hidden tug-of-war could determine Bitcoin’s short-term trajectory.
Add to Favorites
Share to Social Media
