The post Bitcoin Price Crash Ahead? Satoshi-Era Whale Dumps 12,000 BTC appeared first on Coinpedia Fintech News
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.
The unexpected move has left the market on edge. While some traders view it as a sign of fading confidence among early holders, others believe it’s simply a case of long-awaited profit-taking after years of patience.
Fear of a Massive Sell-Off
Following the transfer, Bitcoin’s price briefly dropped 2% as traders speculated that the whale might be selling their holdings on exchanges..
Some analysts described the market as being in a “decision zone,” where whale activity could dictate the next major move. “If this selling pressure continues, we could see cascading liquidations,” warns that over-leveraged positions might amplify the drop.
Such large transactions often create panic in the market, as they suggest heavy selling could follow
Also Read : Who Is Selling Bitcoin ? Why BTC Price Is Dropping ? ,
Bitcoin Faces Crucial Resistance
According to on-chain data, the whale’s move came just as Bitcoin approached a crucial technical resistance zone. Prominent crypto analyst Ted, who has been closely tracking Bitcoin’s price action, pointed out that BTC is currently facing a tight battle between bulls and bears around the $104,000–$105,000 range.
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.
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FAQs
A Satoshi-era whale is an early Bitcoin adopter who acquired a large amount of BTC in the network’s first few years, often when the price was under $100.
Moving crypto to an exchange typically signals an intent to sell. The whale is likely taking profits after 13 years, which has caused market fear of a large sell-off.
A whale can drastically affect Bitcoin’s price. Large sales can increase supply and trigger panic selling, while their holding patterns often signal long-term confidence.