The Hidden Reasons Behind Bitcoin's Major Adjustment Are Terrifying!
Recently, Bitcoin experienced a significant adjustment as it approached the critical threshold of $100,000. What caused this dramatic fluctuation?
Internal sources indicate that BlackRock and MSTR had long prepared over $10 billion in funds, planning to push past $100,000 and surge directly to $120,000. However, an unexpected event occurred at a crucial moment — a large number of long-dormant Bitcoin wallets suddenly awakened!
What lies behind the sudden liquidity of Bitcoin that has been untouched for ten years?
According to on-chain data monitoring, the Bitcoin in these wallets can be traced back to ten years ago, when the cost was only a few dollars. However, these addresses that had been silent for many years chose to awaken simultaneously as Bitcoin approached its historical high, releasing massive selling pressure. This phenomenon plunged the entire market into panic:
Why did these “sleeping whales” wake up at this time? Are the missing millions of Bitcoins really going to return to the market?
It is well known that the total supply of Bitcoin is fixed, but for many years, the market has circulated that millions of Bitcoins have permanently disappeared due to lost private keys or abandoned by early holders. However, this large-scale awakening of wallets inevitably raises a possibility — will those so-called “missing Bitcoins” one day all return to the market? If so, the supply-demand balance will be disrupted, and the long-term trend of Bitcoin’s price will be greatly impacted.
Why did BlackRock hit the pause button?
BlackRock originally planned to use its ample pool of funds, combined with market sentiment and liquidity, to drive Bitcoin’s price past the psychological barrier. However, this unpredictable whale behavior forced them to reassess risks. After all, if these dormant wallets continue to release Bitcoin, the market's upward trend will face significant resistance.
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