Dormant Bitcoin wallet from the Satoshi era suddenly activates for the first time in 14 years and makes large purchases $BTC Worth $470 million.
Blockchain data shows 7,068 accumulated in wallet $BTCcausing massive Bitcoin whale alarm across the crypto market.
CryptoQuant data shows that a large group of whales is actively moving Bitcoin, indicating a potential major market repositioning phase.
The Satoshi-era Bitcoin wallet, which had been silent for over 14 years, suddenly made a comeback. Almost 7,000 Bitcoins were purchased shortly after this dormant Bitcoin wallet was activated $BTC Worth approximately $470 million.
This massive move has raised an important question in the market, does this Bitcoin whale know something that others don’t?
Satoshi-era wallet is operational for the first time in 14 years
According to blockchain analysis firm Arkham Intelligence, there are 7,068 wallets from the Satoshi era identified as “Satoshi Whale” with the address (bc1qq). $BTCworth approximately $470 million.
This sudden transfer was a major trigger. $BTC Whale alert across markets. When the dormant Bitcoin wallet was activated for the first time in 14 years, it quickly attracted the attention of traders and analysts.
If whale sales fall below 20%, a stronger accumulation could begin. However, if it remains above 25%, Bitcoin could get stuck between $65,000 and $75,000 in the short term.
Ultimately, Whales distributed more than 20,000 Bitcoins (approximately $1.4 billion) in the past 96 hours.
Bitcoin price prediction
Bitcoin is currently trading at around $70,260, reflecting the 5% increase seen in the past 24 hours. Looking at the 3-day price chart, we see an early TD Sequential buy signal. According to chart analyst Ali Charts, the TD sequential indicator is often used to identify trend exhaustion.
If you see the number 9 after a series of consecutive bearish candlesticks, it suggests that selling pressure may be easing.
Based on the historical movement of this indicator, Bitcoin could enter a recovery phase in the next 3-9 days.
If Bitcoin rises above its recent lows around $64,000, the bulls could try to push it towards the $72,000 and $75,000 resistance zones.
