Bitcoin Long-Term Holder Selling May Signal Potential Months-Long Market Correction, Analysts Suggest

Key Points

1. A dormant Bitcoin address from 2013 with over 300 BTC was recently emptied, reflecting profit-taking after a 152,300% price increase since acquisition.

2. Whales have been actively moving and selling BTC, including a transfer of $4.7 billion worth of Bitcoin to Galaxy Digital, which sold 80,000 BTC, increasing market supply and volatility.

3. Early Bitcoin wallets, particularly those using older cryptographic standards, may be vulnerable to future quantum computing threats, including Satoshi Nakamoto’s 1.1 million BTC holdings.

4. Large BTC transfers and sales by long-term holders have triggered price dips, such as a 3-week low following a decade-old wallet's sale of 300+ BTC.

5. Monitoring whale activity and understanding market shifts are critical for investors, as these movements highlight a potential prolonged correction phase in the Bitcoin market.