Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion
2025-07-15 15:43:16
Main Idea
Bitcoin's price dropped below $117,000 following a large transfer of 80,009 BTC from a dormant 'Satoshi-era' wallet to Galaxy Digital, triggering significant market liquidations and a broader crypto decline.
Key Points
1. An unidentified 'Satoshi-era' wallet transferred 80,009 BTC (worth ~$9.46B) to Galaxy Digital, causing market speculation.
2. Bitcoin's price fell to $116,218, with over $500M in liquidations, including $406M in long positions wiped out.
3. Galaxy Digital deposited 6,000 BTC (~$706M) into exchanges like Binance and Bybit, contributing to the price drop.
4. Ethereum, XRP, BNB, and Solana also declined, with the total crypto market cap dropping 7.2% in one day.
5. Upcoming U.S. inflation data (CPI and PPI) added macroeconomic pressure to risk-on assets like cryptocurrencies.
Description
Whale wallet transfers 80,000 BTC, worth $9.4 billion, to Galaxy Digital. Bitcoin dropped to $116,218 amid $500 million in liquidations. Ethereum, XRP, and Solana also declined as sentiment turned bearish. Bitcoin slipped below $117,000 early today, coinciding with a massive transfer of dormant coins. The movement traces back to a wallet from the ‘Satoshi era,’ raising eyebrows among market watchers. Massive Transfer From Dormant Wallet An unmarked Bitcoin wallet address, identified as “bc1qq…at...
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