Basic Points:
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Bitcoin price losses close to 2% during the day while the 14-year-old coin suddenly moved Sachain.
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Explanations include an unsubstantiated claim that links BTC wallets involved with the creator Satoshi Nakamoto.
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The price for BTC has come up as a result, with shorts higher than $ 110,000.
Bitcoin (Btc) slipped under the key $ 108,000 level on July 4 as transactions involving long coins of shocking market.
Rumors turn around while Bitcoin “Og” moves millions -million
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD visiting $ 107,564 on Bitstamp before a moderate bounce.
Dropped by 1.6% during the day, Bitcoin built a weakness to follow a fresh decline of $ 110,000 the day before.
BTC’s latest price action, which took place in the absence of trading on Wall Street thanks to the US Independence Day holiday, in conjunction with a Giant Tranche of 80,000 BTC Reawakening 14 years later.
The transactions are linked to a single whale entity, with a resource appearance monitoring proving a total of eight wallets.
A bitcoin OG holding at least 80,009 $ Btc($ 8.69B) Wake up after 14+ years of dormancy and moved 40,000 $ Btc($ 4.35B) Now!
OG controls about 8 purses, 2 received 20,000 $ Btc($ 15,600 in time, $ 2.18B now) on April 2, 2011, when the price of $ Btc is … pic.twitter.com/f8julz6ee7
– lookonchain (@lookonchain) July 4, 2025
Transfers continue at the time of writing, with markets that are clearly nervous of the implications of such old coins that are suddenly moving onchain, which are potential as part of a sale.
Rumors on Social Media are filled, with popular businessman Cryptobeast even linked to transactions to Satoshi Nakamoto.
Commenting, popular X Trading Account ThekingFisher noticed a spike in the so-called “toxic” order flow-transactions that result in losses for market makers.
“I hope to ree this, maybe liq the high shorts of leverage,” part of a post suggestedDetermines a BTC’s build-up short liquidity in exchange books.
Data from the resource tracking Coinglass BTC/USD showed food through long levels of liquidity while overhead resistance – especially above $ 110,000 – increased.
BTC price risks have canceled breakout
Continuing to the Bitcoin price action, the popular businessman and analyst Capital rectaled a potential risk in the Bull Market upside down.
Related: Bitcoin prices can hit $ 150k in weeks Thanks to Trump’s ‘Big Beautiful Bill’
A daily chart uploaded to X showed BTC/USD that undo the resistance/flip support of a major trend line, which has taken place since the current all hours of $ 112,000.
“Bitcoin is missing out on a diagonal at the moment,” he confirmed.
“But if the price day -day closes above the diagonal then it ends as a downside wick as part of a renewal -new retest. The upcoming -day close will be pivotal.”
In the past, other participants in the crypto market had Repeatedly -highlight $ 108,000 as a level the Bulls need to forward.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
