10x Research: The activation of a dormant Bitcoin wallet from the Satoshi era after 14 years poses potential selling pressure from ancient whales in the market

ChainCatcher news, according to 10x Research analysis, 8 dormant Bitcoin wallets from the Satoshi era that had been inactive for 14 years were reactivated on Friday, involving a total transaction amount of $8.6 billion. These "vintage" wallets have been a potential selling pressure in the market and are one of the key reasons why Bitcoin has struggled to achieve significant gains over the past six months, although there are currently no clear signs that these specific wallets intend to sell.

The "super whales" group, composed of early Bitcoin miners and long-term holders, is gradually reducing their holdings, while the demand from crypto ETFs and corporate treasuries continues to increase. This hidden tug-of-war may determine Bitcoin's short-term trend.