Latest Update
2026-09-29 13:17 UTC

Bitcoin: Satoshi Address Sends 598.5 BTC to Bitfinex

Bitcoin: Satoshi Address Sends 598.5 BTC to Bitfinex

Bitcoin: 598.5 BTC moved from Satoshi-linked wallet to Bitfinex after 16 years, mined by MARA Slipstream at $83488.16 amid bearish 4h signals.

Source

Analysis

Bitcoin linked to Satoshi Nakamoto transferred 598.5 BTC to Bitfinex for the first time in 16 years in a transaction mined by MARA Slipstream. BTC price sits at $83488.16 inside Bollinger Bands with EMA50 at $83494.81 acting as immediate resistance and EMA200 at $79325.97 providing distant floor while MACD death cross at -161.22 confirms bearish momentum and RSI at 47.03 shows neutral conditions. This dormant wallet activity injects fresh supply risk into BTC price prediction models and raises crypto market crash probabilities if selling pressure builds toward lower band support at $82593.39. Institutional desks now watch whether the move signals broader distribution or isolated liquidity needs amid AI industry impact on on-chain forensics.


André Dragosch, PhD | Bitcoin & Macro

@Andre_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.