Recent events in the crypto market have gained attention as a whale, inactive for over 14 years, transferred a significant amount of BTC. These actions come amid rising Bitcoin prices, prompting questions about potential sell-offs.
Awakening of Whales and Their Actions
Recently observed whale activity involved dormant addresses holding significant amounts of Bitcoin. Specifically, 8 out of 20 such addresses transferred over 80,000 BTC. This raises questions about whether whales intend to sell their assets, especially given their previous inactivity when Bitcoin reached $100K.
Market Analysis of BTC Events
The reality is that whales may have moved their funds for various reasons. One theory suggests they are preparing to ensure liquidity in case Bitcoin's price rises further, or they may be uncertain about future price volatility. Historically, the first quarter of 2025 has shown a 121% increase in token transactions compared to the same period in 2024, highlighting a trend of awakening old coins.
Future Prospects for Bitcoin
As Bitcoin's price reaches $110,000, there is a high probability of short-term volatility. Despite the large number of transfers, there is no clear sell-off signal observed, as no immediate deposits to exchanges have occurred. Market participants should pay attention to further movements from the remaining 4 dormant addresses and potential BTC actions around key support and resistance levels.
The current events highlight the significance of monitoring whale activities and Bitcoin price movements. The activation of dormant addresses may signal potential changes in the market that warrant close attention.
