Bitcoin Price Prediction: Ancient Whale Dumps 180 BTC After 14.5 Years, Is a New Wave of Panic Hitting the Market?

The Bitcoin (BTC) market has once again been stirred by the movements of Whales. According to news today (1), on-chain analyst Ai Yi (@ai_9684xtpa) monitored that an "ancient Whale who had held 3,963 BTC for 14.5 years" has once again sold 180 BTC. In the past week, it is suspected that 330 BTC have been sold, amounting to approximately 39.04 million USD, with a cost as low as 0.37 USD.

Ancient Whale Movement: Selling Again After 14.5 Years of Sleep

(Source: Arkham)

An ancient Whale transferred 180 BTC (approximately 21.25 million USD) to the market maker affiliated address bc1q5...zr2xn, which has interacted with multiple institutions. This move has raised concerns in the market: does this signal the onset of a new wave of panic hitting the market?

This long-sleeping Whale address has a very low cost basis for the Bitcoin it holds, only $0.37. This means that every Bitcoin it sells brings astonishing profits. This transfer to a market maker associated address is usually interpreted as preparation to sell in the market.

Whale Activity Intensifies: Accumulation and Transfer Coexist

The latest on-chain data shows that Bitcoin whales are increasing their activity, including long-term accumulation and high-value transfers, indicating that the market may be preparing for the next significant price movement.

Long-term accumulation: According to the analysis company Santiment, since the end of March, wallets holding between 10 and 10,000 BTC have increased by a total of 218,570 BTC, accounting for about 0.9% of the total supply. These wallets currently control 68.44% of the circulating total of Bitcoin, which strongly indicates that during the period when Bitcoin rose to the level of 120,000 USD, these wallets continued to accumulate long-term.

High-value transfer: As the accumulation of Bitcoin continues to rise, another set of data from Bitcoin Magazine Pro shows that the transfer volume of Whales has also surged dramatically. This trend is commonly referred to as the "Whale Shadow," tracking the BTC liquidity of wallets that have held Bitcoin assets for more than 4 to 10 years. The surge in transfer volume may reflect profit-taking, portfolio rebalancing, or early signs of redistribution between different addresses.

The market is in a complex stage: the tug-of-war between bulls and bears intensifies

The increase in long-term holdings and transfer activities highlights that the market is in a complex phase, with large investors making moves in an environment of heightened volatility and speculation. Some "Whales" seem to be preparing for further gains, while others may be gradually dumping to seek an increase.

As these changes occur, Bitcoin is consolidating near a key psychological level, with institutional interest continuing to rise through ETFs and custody services. For traders and investors, monitoring these large wallets can provide early insights into market momentum—especially considering that Whale behavior has historically preceded significant price fluctuations.

Conclusion:

The ancient Whale that has been dormant for 14.5 years is once again dumping Bitcoin, undoubtedly bringing new uncertainty to the market. Although other Whales are still actively accumulating, this high-value transfer behavior may trigger market volatility in the short term. Investors should closely monitor the next moves of the Whales and the market's response, carefully assessing the risks.