Main notes
- More than 8.6 billion dollars in the sleeping bitcoin since 2011 suddenly has moved, raising fears of historical penetration.
- Bitcoin is trading at $ 108,000, struggling to break the resistance amid the praise of the whale profit and the purchase of retail.
- Binance Futures Feather Behunce Behunce Beach at $ 11.5 billion, indicating a possible exhaustion in the upscale momentum.
Bitcoin is trading at $ 10,053, a decrease of about 1 % in the last 24 hours after failing to separate from the highest level of 109,142.23 dollars. With the encrypted currency only by 3.4 % less than ATH, market participants question the length of the bull cycle.
8.6 billion dollars Awakening
The long long Bitcoin governor, which has not traveled since 2011, has moved more than $ 8.6 billion from BTC. Each portfolio of 10,000 BTC held exactly, which was initially obtained at dirt chairing prices between $ 0.78 and $ 3.37, which is an amazing return of 137179X.
One entity transferred $ 8.6 billion from BTC from 8 titles last day.
All bitcoin was transferred to the original portfolios on April 2 or 4 May 2011 and was held for more than 14 years.
Currently, Bitcoin sits in 8 new addresses and they were not … pic.twitter.com/nm53tvrzlj
Arkham (Rechham) July 4, 2025
The most important thing is the simultaneous movement of this portfolio, which has not witnessed any activity for more than 14 years. Leave the sudden appearance of investors who are wondering whether this is reaping profits or filling assets at the state level.
Coinbase, Conor Grogan, has not touched that Transactions It can be the result of a possible penetration. The Executive Authority indicated the Bitcoin Cash test (BCH) just hours before the BTC transfer.
If this is true (again, I expect the straw here), this will be the biggest theft in the history of mankind to a large extent
Connorgrogan July 4, 2025
Similar infiltrators often use similar techniques from the investigation to confirm access to special keys before making large movements.
“If this is true … this will be largely the biggest theft in the history of mankind,” Jrogan was published on X.
While Grogan adds an insight into the abnormal behavior, the fact that the other BCH portfolios associated with the same entity remains not touched by any speculation.
The exit whale and the flow of retail
According to the analyst TahaThe structure of the July Market indicates that the whales may come out as retailers accumulate.
The entities that carry more than 10,000 BTC have emptied 12000 BTC on the third of July alone, with the regiment selling from 1000 to 10,000 BTC 14000 BTC additional since June 30. This distribution pattern often represents a local or medium cooler for the cycle.
Meanwhile, their holders added in the short term, usually this retail, 382,000 BTC to their governor in early July, indicating renewed optimism. However, their long -term holders reduce their exposure, which is a sign of profit reservation at current prices.
Moreover, the open interest of Binance Futures failed to break the resistance level of $ 11.5 billion decisively, and the conditions of identical copies on June 10. The inability to maintain momentum on the derivative markets highlights that the bears are playing.
Technical expectations: MacD, RSI and Fibonacci levels
On the daily chart, the MacD of Bitcoin is located in a neutral area – the signal lines and MACD lines are converging without a clear clear intersection on the horizon, indicating a stopping in the upper momentum.
Meanwhile, RSI is in 54, which reflects the frequency. Do not explain RSI, do not supervise the peak, to the mood of waiting and watching among the merchants.
BTC 1D graph Source: TradingView
More importantly, Bitcoin tries to penetrate at the level of Fibonacci Fibonacci 0.786 ($ 107,964). The next main goal of Fibonacci lies at 1.618 ($ 118,185), and if the bulls can restore momentum, it can be conceived to $ 130,000 (level 2.618) or even 150 thousand dollars (4.236).
However, the failure to keep more than $ 107,000 can witness the support of Bitcoin near 101 thousand dollars (0.382) or even 98 thousand dollars (Swing Low).
If 107 thousand dollars are suspended and the macro background is favorable, the bulls may charge the imposition of fees on a scale between 118 thousand dollars and 130 thousand dollars. But if the feelings deteriorate more, especially if the transfer of $ 8.6 billion is confirmed, it may be a sharp and imminent correction.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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