Bitcoin Market on Edge After 80,000 BTC Moves - Hidden Whale or Satoshi?

Bitcoin Dips to $108K After 80,000 Dormant BTC Moves - Market Eyes Potential Correction

Bitcoin fell to $108,035 after an unexpected transfer of 80,000 BTC—coins that had been untouched since 2011. Initially acquired when Bitcoin traded under $1, the tokens were moved on July 4 in two large transactions, sparking speculation and anxiety across the crypto space.

This marks the largest activation of long-dormant Bitcoin in over a decade. While there were no signs of the coins heading toward centralized exchanges, the sheer volume triggered automated sell signals and raised concerns of a looming dump at near-record prices.

The market reacted swiftly. Long positions were liquidated, short sellers took aim around the $110,000 resistance, and BTC slid nearly 2% in just a few hours.

Key Stats:

• BTC price drop: $110,000 → $107,600
• 24h trading volume: $41.3 billion+
• Dormant BTC moved: 80,000 BTC (~$8.6 billion)
• Current price: $108,035

Despite initial panic, the fact that the coins weren’t sent to exchanges hints at internal wallet reorganisation rather than an imminent sell-off. Still, the market remains cautious as traders await further clues.