Idle Bitcoins are moving abnormally! 80,000 were transferred, who is leading the storm?
Jul 17, 2025 pm 10:45 PMThe abnormal movement of 80,000 Bitcoins this time may be caused by three major reasons, and its market impact needs to be continuously observed. 1. Early giant whale cashed out, and some addresses belong to those who hoarded coins at low prices from 2010 to 2013, or sell them because they are cautious about the future market or avoid regulatory risks; 2. Institutional fund allocation may involve institutions such as Grayscale and Coinbase to prepare for ETF products; 3. Exchange cold storage integration may be a technical operation rather than an active selling signal. In the short term, if funds flow into the market, it may impact liquidity and intensify volatility, especially Bitcoin is currently at the key point of $60,000; in the long term, similar events have been regarded as turning points, but if it is only a custody adjustment, the impact may be limited. In addition, transfer to mobile machines may also be related to tax compliance needs or mortgage lending. Overall, investors should remain vigilant, but there is no need to panic excessively, and they should pay close attention to the flow of on-chain funds in the future.
Behind the abnormal movement of 80,000 Bitcoins: Is the awakening of the giant whale or a precursor to the market change?
Recently, blockchain data showed that about 80,000 long-term idle Bitcoins (valued at about US$5 billion) have been concentratedly transferred, which has attracted high attention from the market. If this fund enters the trading market, it may have a significant impact on the price of Bitcoin. So, who is the leader behind this abnormal movement? What is its motivation?
Who is driving this huge transfer?
Some addresses of early giant whale cash out can be traced back to the low price period of Bitcoin from 2010 to 2013, and are suspected to be early miners or investors. If you choose to sell, it may be because you are cautious about the future market or to avoid potential regulatory risks.
According to the analysis of the institutional fund allocation part, the transfer may be related to internal adjustments of institutional-level custodial services (such as grayscale and Coinbase), or to prepare for financial products such as ETFs.
The exchange's cold storage integration exchange often organizes cold storage assets regularly. This transfer is not ruled out as a technical operation, rather than an active selling signal.
What is the market impact?
Short-term volatility risk: If the giant whale chooses to sell, market liquidity may face a test, especially when Bitcoin is currently at the key point of $60,000.
Long-term confidence test: The abnormal movement of large-value dormant coins is often regarded as a turning point signal in the market. Bitcoin plummeted 50% after similar events in 2018. However, if the transfer is only a custodial adjustment, the impact may be limited.
Deep motive guess
Some on-chain analysts pointed out that the transfer address is highly consistent with the "Samoto era" K-mining model, but there is no evidence that it is related to the founder of Bitcoin. The more likely reasons are:
Tax or compliance needs: Some holders may be forced to disclose assets due to regulatory pressure.
Mortgage lending: Institutions may acquire liquidity by collateralizing Bitcoin rather than selling it directly.
Conclusion: This abnormal movement highlights that the Bitcoin market is still dominated by the "giant whale", and we need to pay close attention to the uplink flow in the future. If funds enter the exchange, short-term selling pressure may be inevitable; otherwise, it may be a false alarm. Investors should be wary of volatility, but not overly panic.
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