- BTC whale address from 2011 activated, moves $1.08 billion.
- Raises concerns about potential market sell pressure.
- Analyst clarifies wallet origin not tied to known figures.
ChainCatcher reports an ancient Bitcoin address holding 10,000 BTC, inactive for over 14 years, was unexpectedly activated today. This event highlights fears of potential market volatility amid Bitcoin’s high trading prices.
Satoshi-Era Bitcoin Activation Sparks Market Concerns
Historical Reactivations Hint at Regulatory and Market Implications
The reactivated address belongs to a Satoshi-era whale wallet, notably accumulating Bitcoin when prices were below $1. Whale Alert indicates that this is the seventh such address activated today.
Concerning market effects, there’s speculation about the potential for significant sell-offs, elevating concerns of selling pressure. With Bitcoin positioned near $110,000, the impact on market stability remains a topic of discussion. As noted by 10x Research:
“The activation of a dormant Bitcoin wallet from the Satoshi era after 14 years poses potential selling pressure from ancient whales in the market.”
Community and industry analysts have reacted with caution.
“It shouldn’t be Friedcat, he entered the industry in 2012.” This statement dismisses rumors linking other early crypto figures to these addresses.
Market Data and Future Implications
Did you know? In 2017, the reactivation of similarly long-dormant Bitcoin addresses caused temporary market fluctuations, demonstrating historical patterns of market sensitivity.
CoinMarketCap data shows Bitcoin valued at $108,162.96 as of July 5, 2025, with a market cap of formatNumber(2.15 trillion). Its trading volume decreased by -9.56% over 24 hours, reflecting slight 30-day gains of 2.34% amid the recent whale activities.
Coincu research notes the potential for rising regulatory oversight as attention grows on these large transfers. Such moves often increase regulatory scrutiny on cryptocurrency transactions, possibly influencing future market operations.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/346966-dormant-bitcoin-address-reactivation/