BTCUSD on Alert: Whales Move 80,000 BTC, Shaking the Market
By Ion Jauregui – Analyst at ActivTrades
The cryptocurrency market witnessed one of the year’s most puzzling moves this week. Over 80,000 Bitcoins—worth more than $8.6 billion—were transferred from wallets that had been inactive since the early years of the crypto ecosystem. These transfers, originating from addresses linked to 2010 and 2011, sparked a wave of reactions among investors, analysts, and crypto enthusiasts.
Fundamental Analysis: Mass Sell-Off or Simple Restructuring?
The market's initial response was uncertainty. It’s unusual for wallets from the so-called “Satoshi era” to become active again. However, research led by Arkham Intelligence and other on-chain analysis firms indicates that this was not an immediate sale. The BTC was not sent to exchanges, but to new addresses—possibly with enhanced security (SegWit or multisig technologies)—suggesting an internal reorganization rather than a liquidation.
On a macro level, the environment remains favorable for Bitcoin:
– Institutional inflows via ETFs have already surpassed $14 billion in 2025.
– Broader adoption is expected, driven by proposals such as the creation of a strategic Bitcoin reserve in the U.S. and clearer regulations in advanced economies.
– The market has shown resilience in the face of similar events in the past, reducing the risk of a structural correction.
Technical Analysis: Consolidation Zone with Key Resistance at $112,000
From a technical perspective, Bitcoin has maintained a strong bullish structure in recent weeks but is currently in a consolidation phase near its all-time highs:
• Key support: $103,477, located mid-range of the current consolidation zone. The lower bound sits at $98,209, where the price has reacted positively following the whale movements. The delta pressure zone is positioned at the upper part of the range, near current price levels.
• Immediate resistance: $111,978.21, a breakout of which could open the door to a move toward $112,000–$115,000.
• Daily RSI: Neutral bias with slight overbought conditions at 54.11%.
• Moving averages: The 50- and 100-day EMAs show clear compression—typically a precursor to a breakout—while the 200-day EMA remains well expanded, appearing to support the current consolidation.
Volume remains elevated but without speculative spikes, and funding rates in the derivatives market are still positive, suggesting sustained buying interest.
Conclusion: A Symbolic Shake-Up Rather Than a Threat
Although the whale movements have made headlines and stirred speculation about a possible sell-off, the signs point to a technical update rather than a shift in trend. The market has remained stable over the past 48 hours, with technical indicators and macro fundamentals supporting a short-term neutral-to-bullish outlook.
The key will be whether these funds remain dormant or begin to disperse in smaller transactions. For now, the crypto ecosystem has weathered the shake-up without major consequences, reinforcing the growing maturity of an increasingly institutional market.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success. Regulated status does not guarantee security.
By Ion Jauregui – Analyst at ActivTrades
The cryptocurrency market witnessed one of the year’s most puzzling moves this week. Over 80,000 Bitcoins—worth more than $8.6 billion—were transferred from wallets that had been inactive since the early years of the crypto ecosystem. These transfers, originating from addresses linked to 2010 and 2011, sparked a wave of reactions among investors, analysts, and crypto enthusiasts.
Fundamental Analysis: Mass Sell-Off or Simple Restructuring?
The market's initial response was uncertainty. It’s unusual for wallets from the so-called “Satoshi era” to become active again. However, research led by Arkham Intelligence and other on-chain analysis firms indicates that this was not an immediate sale. The BTC was not sent to exchanges, but to new addresses—possibly with enhanced security (SegWit or multisig technologies)—suggesting an internal reorganization rather than a liquidation.
On a macro level, the environment remains favorable for Bitcoin:
– Institutional inflows via ETFs have already surpassed $14 billion in 2025.
– Broader adoption is expected, driven by proposals such as the creation of a strategic Bitcoin reserve in the U.S. and clearer regulations in advanced economies.
– The market has shown resilience in the face of similar events in the past, reducing the risk of a structural correction.
Technical Analysis: Consolidation Zone with Key Resistance at $112,000
From a technical perspective, Bitcoin has maintained a strong bullish structure in recent weeks but is currently in a consolidation phase near its all-time highs:
• Key support: $103,477, located mid-range of the current consolidation zone. The lower bound sits at $98,209, where the price has reacted positively following the whale movements. The delta pressure zone is positioned at the upper part of the range, near current price levels.
• Immediate resistance: $111,978.21, a breakout of which could open the door to a move toward $112,000–$115,000.
• Daily RSI: Neutral bias with slight overbought conditions at 54.11%.
• Moving averages: The 50- and 100-day EMAs show clear compression—typically a precursor to a breakout—while the 200-day EMA remains well expanded, appearing to support the current consolidation.
Volume remains elevated but without speculative spikes, and funding rates in the derivatives market are still positive, suggesting sustained buying interest.
Conclusion: A Symbolic Shake-Up Rather Than a Threat
Although the whale movements have made headlines and stirred speculation about a possible sell-off, the signs point to a technical update rather than a shift in trend. The market has remained stable over the past 48 hours, with technical indicators and macro fundamentals supporting a short-term neutral-to-bullish outlook.
The key will be whether these funds remain dormant or begin to disperse in smaller transactions. For now, the crypto ecosystem has weathered the shake-up without major consequences, reinforcing the growing maturity of an increasingly institutional market.
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success. Regulated status does not guarantee security.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.