BiyaPay analyst: The bull run has been terminated, 20,000 BTC that were dormant for 14 years have been transferred, and Bitcoin has plummeted from 110,000.

BlockBeats news, on July 6, a Bitcoin holder recently transferred out 20,000 BTC that had been dormant for over 14 years, with a market capitalization of approximately 2.18 billion USD. The transfer of these 20,000 Bitcoins sparked a strong reaction in the market, causing the Bitcoin price to plummet from the previous 110,000 USD, and market sentiment quickly turned cold. It is worth noting that 14 years ago, the purchase price of these Bitcoins was only 0.78 USD, which means that the return on this transfer reached as high as 140,000 times. This enormous return has attracted widespread attention in the market and led many investors to reassess the future direction of the Bitcoin market. This wave of price fluctuation in Bitcoin has undoubtedly broken the previous bull run trend, and the sharp change in market sentiment has also created uncertainty about the future Bitcoin price. However, as a stablecoin trading and digital asset platform, BiyaPay is committed to providing users with a transparent, secure, and fast trading environment to help them cope with the severe market fluctuations. BiyaPay supports the conversion between USDT and fiat currencies such as USD and offers a zero-fee Spot and Futures Trading platform, as well as USDT trading services for U.S. and Hong Kong stocks, enabling users to respond flexibly in a complex market environment, ensuring the safety and appreciation of their assets. Regardless of how the market fluctuates, BiyaPay will continue to provide efficient payment solutions to global users, contributing to the stable development of the digital currency market.