Bitcoin Tapped $112,000: Dormant Whales Stir, Retail Nowhere to Be Found
2025-07-10 08:36:35
Main Idea
Bitcoin reached a new all-time high above $112,000, with market activity showing signs of long-term holders moving coins, while retail investor participation remains low.
Key Points
1. Bitcoin surged to a new all-time high above $112,000 after seven weeks of muted price action.
2. CryptoQuant data indicates increased activity from long-term holders, raising questions about potential profit-taking and market overheating.
3. Two Satoshi-era wallets moved 20,000 BTC ($2.18 billion) after 14 years of dormancy, though Bitcoin's price remained stable.
4. Retail investor participation is low, as noted by Santiment, a pattern often seen before major crypto rallies.
5. Kushal Manupati of Binance stated that Bitcoin's new all-time high is a pivotal moment for the crypto space, enhancing liquidity and credibility.
Description
Bitcoin has reached a fresh all-time high after soaring above $112,000 on Wednesday as it broke out after seven weeks of muted price action. Amid this new peak, coins that have remained dormant for nearly a decade are now stirring. Dormant Bitcoin Activity Rises After observing Spent Output Age Bands data, CryptoQuant found that long-term Bitcoin holders started moving coins dormant for seven to ten years. Historically, such movements have aligned with major price turning points, and raise quest...
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