According to @lookonchain, eight Bitcoin (BTC) wallets that had been dormant since 2011 have moved a total of 80,000 BTC, valued at over $8.5 billion. These massive transfers have prompted significant market analysis, especially as the coins were acquired when BTC was priced around 78 cents. A key detail flagged by Coinbase director Conor Grogan is a preceding transaction of over 10,000 Bitcoin Cash (BCH), worth nearly $5 million, from a wallet tied to the BTC cluster. Grogan suggests this BCH move may have been a covert test to verify access to the legacy private keys without triggering major BTC whale alerts. The theory is supported by the fact that only one associated BCH wallet was used, implying the actor might have limited access. While the BTC has been moved to new SegWit addresses and not yet to exchanges, the event raises questions about potential sell pressure and the security of old P2PK addresses against threats like private key leaks or quantum computing attacks.

According to @lookonchain, two Bitcoin wallets that had been dormant since 2011 recently moved 20,000 BTC, valued at over $2 billion. This was part of a larger series of transfers where eight wallets from the 'Satoshi era' moved a total of 80,000 BTC, worth approximately $8.5 billion, to new addresses. These transfers have significant trading implications, as the original owners are sitting on approximately 140,000-fold returns, creating a strong incentive to sell. However, the funds were moved to non-exchange addresses, so an immediate sell-off is not confirmed. Adding to the intrigue, Coinbase director Conor Grogan highlighted a suspicious transaction of 10,000 Bitcoin Cash (BCH) tokens, worth nearly $5 million, from a wallet tied to the BTC cluster just hours before the main transfers. Grogan theorizes this BCH move might have been a covert test of the private keys, intended to avoid detection from whale-watching services that monitor Bitcoin more heavily. The fact that only one associated BCH wallet was activated suggests the entity may not have full access to all keys. While the BTC has not yet been moved to an exchange, this massive, coordinated movement, preceded by a potential BCH test, has created market uncertainty and speculation about a potential large-scale liquidation event.

According to @lookonchain, significant on-chain activity has been detected as two Bitcoin (BTC) wallets, dormant for 14 years, moved 20,000 BTC valued at over $2 billion. The source text notes these coins were acquired when BTC was priced at 78 cents and have since seen a staggering 140,000-fold return. While this move creates market speculation, the transfer was to new non-exchange addresses, so it is too early to confirm if it is a prelude to a sale. Concurrently, the stablecoin sector is experiencing a major boom, with Circle (USDC) stock surging approximately 500% since its June debut. The source also highlights that Coinbase stock has reached a four-year high due to its USDC revenue, and even Euro-backed stablecoins have seen a 44% rise this year, signaling strong investor confidence and utility in the stablecoin market.

According to @lookonchain, two Bitcoin (BTC) wallets, dormant for 14 years, have transferred 20,000 BTC, valued at over $2 billion. These coins were acquired when BTC was priced at approximately $0.78, representing a massive potential profit at current prices over $108,000. However, the source notes the transfer was to non-exchange addresses, suggesting it may not be an immediate prelude to a sale. This on-chain activity occurs as the stablecoin sector experiences significant growth, with Circle (USDC issuer) stock surging 500% since its debut and Coinbase stock reaching a four-year high, partly due to its USDC revenue. Further bullish sentiment comes from the Federal Reserve, which reportedly no longer considers crypto a 'reputational risk' for banks, and major payment firms like Mastercard are expanding crypto partnerships with companies including Chainlink and Kraken.

According to @lookonchain, two Bitcoin (BTC) wallets that had been inactive for 14 years have transferred 20,000 BTC, valued at over $2 billion. These wallets acquired the coins on April 3, 2011, when BTC was priced at approximately 78 cents, representing a staggering 140,000-fold return and a significant incentive to sell. However, for traders monitoring potential market impact, the transfer was made to new, non-exchange addresses that have since gone silent. This on-chain data suggests that while the move creates market buzz, it is not an immediate prelude to a sale on a major exchange, a key factor as BTC trades around $108,000 with minor downside volatility.

According to @lookonchain, two dormant Bitcoin wallets have transferred 20,000 BTC, valued at over $2 billion, after 14 years of inactivity. These coins were acquired in April 2011 when BTC was priced at approximately $0.78, representing a massive unrealized profit. While such a large on-chain movement often precedes a sell-off, creating potential downward price pressure, the data shows the BTC was moved to new non-exchange addresses. This suggests the transfer may be for security or custody purposes rather than an immediate liquidation. Traders are closely monitoring these new wallets for any movement to exchanges, which would be a strong bearish signal for Bitcoin (BTC), currently trading around $108,051.

According to @lookonchain, two dormant Bitcoin wallets have transferred 20,000 BTC, valued at over $2 billion, after being inactive for 14 years. These wallets acquired the Bitcoin (BTC) on April 3, 2011, when the price was approximately $0.78, representing a potential 140,000-fold return at current prices. This significant on-chain movement has raised concerns among traders about a potential sell-off and subsequent price volatility. However, @lookonchain notes that the funds were moved to new, non-exchange addresses, which have remained inactive since the transfer. Therefore, it is premature to conclude that the transfer is for immediate profit-taking, though the market remains on high alert for any follow-up moves.

According to @lookonchain, two Bitcoin (BTC) wallets that had been dormant for 14 years have moved 20,000 BTC, valued at over $2 billion. These coins were initially acquired on April 3, 2011, when BTC's price was approximately $0.78, representing a potential 140,000-fold return for the holder. From a trading perspective, such a large movement of old coins often signals potential selling pressure and increased downside price volatility. However, @lookonchain notes that the BTC was transferred to new, non-exchange addresses that have since gone silent. This suggests that while the incentive to take profit is high, an immediate sale is not confirmed, leaving traders to closely monitor these wallets for any further movements that could impact the market.

According to @lookonchain, two dormant Bitcoin (BTC) wallets have transferred 20,000 BTC, valued at over $2 billion, after 14 years of inactivity. These wallets acquired the BTC on April 3, 2011, at a price of approximately $0.78, representing a potential 140,000-fold return at current prices. From a trading perspective, while the massive unrealized profit creates a strong incentive to sell, the on-chain data shows the funds were moved to new non-exchange addresses. This specific detail is critical for traders, as it suggests the move may be for security or logistical reasons rather than immediate liquidation, thus not signaling imminent selling pressure on exchanges. Nonetheless, the market is on high alert, with BTC trading around $107,580, down approximately 2% in the last 24 hours. Traders should monitor these new whale addresses for any subsequent movements to exchange wallets, which would be a strong bearish indicator.

According to @lookonchain, two Bitcoin wallets, dormant since 2011, have moved 20,000 BTC, currently valued at over $2 billion. These coins were acquired when Bitcoin's price was just $0.78, marking a staggering 140,000-fold return at today's prices of over $109,000 per BTC, as cited in the report. This on-chain movement has sparked discussions about potential selling pressure. However, the analysis reveals the BTC was transferred to new, non-exchange addresses. For traders, this means that while the potential for a large sale exists, it is not imminent, and these new addresses should be monitored for any further movements that could signal an intention to liquidate and impact the market.

According to @lookonchain, two Bitcoin wallets dormant for 14 years recently moved 20,000 BTC, valued at over $2 billion, to new non-exchange addresses. While such a move from early adopters often precedes selling pressure, the destination being non-exchange wallets suggests this may be a custody adjustment rather than an imminent sale. This on-chain activity occurs as Bitcoin (BTC) trades around $107,580, down approximately 2% in the last 24 hours. Further analysis from Glassnode provides a broader market perspective, indicating that despite some profit-taking, long-term holders (LTHs) show significant conviction. Glassnode data reveals that 45% of the circulating BTC supply has not moved in at least three years, and 30% has remained dormant for over five years, suggesting many investors are holding out for higher prices and providing a stable long-term support base for the market.

According to @rovercrc, two Bitcoin wallets that had been dormant for 14 years have transferred 20,000 BTC, worth over $2 billion, to new addresses. Blockchain data from Lookonchain shows these coins were acquired on April 3, 2011, when BTC was priced at approximately 78 cents, representing a staggering potential return at current prices around $107,755. This significant on-chain movement has raised questions among traders about a potential sell-off. However, the analysis indicates the transfers were made to non-exchange addresses which have since remained inactive, making it premature to conclude that the move is for immediate profit-taking. Traders are now closely monitoring these new wallets for any signs of movement to exchanges, which would signal liquidation intent.

According to @lookonchain, Bitcoin (BTC) has retreated after briefly topping $108,000, but bullish momentum persists, supported by significant institutional adoption signals. The director of the Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to consider cryptocurrency holdings for mortgages, a major long-term positive catalyst. This sentiment is reinforced by spot BTC ETFs recording 12 consecutive days of net inflows, with the latest totaling $548 million, as cited by Farside Investors. FxPro analyst Alex Kuptsikevich notes that the total crypto market capitalization is approaching a key volatility and resistance threshold between $3.40 trillion and $3.55 trillion. While the Fear and Greed Index has risen to 74, indicating strong optimism, the derivatives market presents a mixed picture; CME BTC futures open interest has hit a four-week high, but the basis remaining flat below 10% weakens the immediate bullish positioning narrative.

According to @lookonchain, two dormant Bitcoin wallets from 2011 recently moved 20,000 BTC, valued at over $2 billion. This on-chain activity has drawn significant market attention due to the massive unrealized gains, as the coins were acquired when Bitcoin (BTC) was priced at just 78 cents. However, the transfer was made to new, non-exchange addresses that have since remained inactive, suggesting the move may not be a prelude to an immediate sale. Further analysis based on Glassnode data indicates strong conviction among long-term holders (LTHs). The data shows that 45% of BTC's circulating supply has not moved in at least three years, and 30% has been dormant for over five years. This stability in LTH behavior, despite some profit-taking, suggests that many experienced investors are holding their positions in anticipation of higher prices, providing a strong support signal for BTC as it trades around $107,602.

According to @lookonchain, two dormant Bitcoin wallets from 2011 have transferred 20,000 BTC, currently valued at over $2 billion. These coins were acquired when Bitcoin's price was approximately $0.78, representing a massive unrealized gain and creating an incentive to sell, as cited by the source. However, for traders, the crucial detail is that the on-chain data reveals the transfer was made to new, non-exchange addresses, which have since become inactive. This suggests that while the market is on high alert for potential sell pressure, an imminent liquidation is not confirmed. This whale movement occurs as Bitcoin (BTC) trades around $107,788, down approximately 1.8% in the last 24 hours, and other long-term holders have reportedly been taking profits since BTC surpassed $100,000.

According to @lookonchain, two dormant Bitcoin (BTC) wallets from 2011 have transferred 20,000 BTC, valued at over $2 billion. These wallets, which acquired the BTC when it was priced at just 78 cents, have seen a staggering 140,000-fold return, creating a significant incentive for profit-taking. However, the on-chain data shows the funds were moved to new, non-exchange addresses that have since gone silent. This makes the whale's intention unclear, and it is too early to conclude if the move is a prelude to selling. This activity occurs as BTC trades around $107,602, down approximately 1.99% in the last 24 hours, adding a layer of uncertainty for traders monitoring large wallet movements for signs of increased selling pressure.

According to @lookonchain, Ethereum (ETH) is outperforming Bitcoin (BTC) with a potential price target of $3,000, supported by bullish technical analysis and significant fundamental developments. A key driver is the integration of Distributed Validator Technology (DVT) by firms like Obol Labs, which enhances security and decentralization, making Ethereum more attractive for institutional investors, as evidenced by adoption from Blockdaemon and Lido. While ETH shows strength, Bitcoin is holding firm above key psychological levels, supported by continued corporate accumulation from entities like Strategy and The Blockchain Group, despite geopolitical tensions. However, the derivatives market signals caution, with perpetual funding rates barely positive and a bias for protective put options on BTC. In related news, 10x Research recommends a short Coinbase (COIN) and long BTC trade, citing the stock's potential overvaluation. For altcoins, Chainlink's (LINK) token has confirmed renewed bearish momentum after dropping below the Ichimoku cloud, with immediate support identified around $12.6.

According to @lookonchain, Ethereum (ETH) is outperforming Bitcoin (BTC), with prices approaching $2,500 and analysts seeing a potential path to $3,000. A key driver is the fundamental upgrade to its validator architecture with Distributed Validator Technology (DVT), which enhances security and decentralization to meet institutional standards, as stated by Anthony Bertolino of Obol Labs. This 'enterprise-grade' infrastructure is gaining traction with major players like Blockdaemon and Lido, the largest staking protocol, preparing to integrate DVT. In contrast, Bitcoin (BTC) is holding its ground, supported by continued institutional accumulation and corporate buying amidst geopolitical tensions, according to analysis from QCP Capital. Meanwhile, 10x Research has issued a bearish outlook on Coinbase (COIN) stock, recommending a short COIN/long BTC trade due to significant overvaluation. The research firm notes that COIN's 84% surge is not justified by its trading volume fundamentals. On the technical front, Chainlink (LINK) has confirmed a bearish trend by dropping below the Ichimoku cloud, with immediate support identified near $12.6.

According to @lookonchain, Ethereum (ETH) is outperforming Bitcoin (BTC) with an 11% weekly gain, as traders eye a potential move to $3,000. This bullish momentum is driven by fundamental upgrades like Distributed Validator Technology (DVT), which enhances security and decentralization, attracting institutional players like Blockdaemon and Lido. Anthony Bertolino of Obol Labs notes DVT makes Ethereum staking 'enterprise-grade.' In contrast, analysis from 10x Research suggests Coinbase (COIN) stock is nearing overvaluation after an 84% surge, recommending a short COIN, long BTC pair trade due to a divergence from fundamentals. Meanwhile, Bitcoin is holding strong above $100k, supported by corporate treasury accumulation despite geopolitical tensions, as noted by QCP Capital. The U.S. Senate's passage of the GENIUS Act for stablecoins is also viewed as a structural win for the crypto market.

According to @lookonchain, two dormant Bitcoin wallets have transferred 20,000 BTC, valued at over $2 billion, after 14 years of inactivity. These coins were initially acquired on April 3, 2011, when Bitcoin's price was approximately $0.78, representing a staggering 140,000-fold return at current prices around $109,000. While such large movements often signal a potential sell-off and create downside price pressure, the blockchain data shows the BTC was moved to new non-exchange addresses. This means an immediate sale is not confirmed, but the massive unrealized profit creates significant potential for future market volatility should the holder decide to liquidate.