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A dormant Satoshi-era whale transferred 12,000 BTC worth $1.4 billion after 13 years.
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Analysts confirmed it was one of the most profitable on-chain Bitcoin sales ever recorded.
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Bitcoin briefly dipped 2% as traders speculated further whale-driven selling could continue.
The crypto market was caught off guard today, a Satoshi-era whale, one of the earliest Bitcoin holders, suddenly transferred 12,000 BTC worth $1.4 billion to an exchange.
The unexpected transaction has sparked panic among traders, with growing fears that this could trigger a massive sell-off.
Satoshi-Era Bitcoin Whale Made $1.4 Billion In Profit
According to on-chain data, the wallet has finally broken its 13-year silence, a period during which it remained untouched as Bitcoin rose from under $100 to over $100,000.
Out of nowhere, 12,000 BTC, worth roughly $1.4 billion at current prices, was moved in a series of transactions. Analysts confirmed this was one of the most profitable on-chain sales in Bitcoin’s history.
He explained that if Bitcoin can successfully reclaim and hold above $105,000, it could trigger renewed buying momentum, potentially pushing prices higher toward the $107,000 mark and beyond.
However, if it fails to break through this resistance, the next move could be brutal: a drop back to the $100,000 support zone, or even lower.