Satoshi-Era Bitcoin Whale Suddenly Wakes up and Does Unthinkable.

In a dramatic turn of events, a dormant whale from the early days of Bitcoin has emerged from the depths of crypto history to make a monumental move.

Spot On Chain has reported that this
ancient Bitcoin holder, who had been
inactive for 14 years, startled the market
by depositing a staggering 1,000 BTC to Coinbase. This haul, now valued at a jaw-
dropping $67.1 million, was minted way
back in 2010, when the price of Bitcoin was
a mere fraction of its current value,
indicating a potential profit of around $60
million.

This unexpected awakening coincided with Bitcoin's surge to an all-time high of $69,000, only to be swiftly followed by a sharp downturn. The subsequent market crash saw Bitcoin prices plummet by 14% to $59,000, triggering panic among traders. According to CoinGlass, over $1 billion worth of positions were liquidated within a mere 24 hours, with long positions accounting for a substantial $796.95 million of that figure.

The appearance of this ancient whale has long been regarded as a harbinger of market turmoil, often signaling a wave of selling and increased pressure. It seems history has repeated itself once again, casting doubt on the stability of the current bull market. The emergence of this whale raises questions about the potential presence of other dormant BTC holders, lurking in the shadows of crypto history.

As the cryptocurrency market continues to
evolve from its humble beginnings into a
multi-trillion dollar industry, the actions of
these early adopters carry significant
weight. The sudden resurgence of a
Satoshi-era whale serves as a stark
reminder of the unpredictable forces at play on the crypto landscape.

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Biggest Bitcoin Short Squeeze 🚨

$8,170,000,000 worth of $BTC shorts will be liquidated at $66,000.

The #German government has no #BTC left to sell, the CPI is heading lower, and there's an 81% probability of a rate cut in September.

The market will soon price in these events, which could lead to a pump given that most of the liquidity is on the upside.

#Bitcoin