The post Satoshi Era Bitcoin Whale Wallet Buys 7000 BTC After 14 Years appeared first on Coinpedia Fintech News
A Satoshi era Bitcoin wallet that had remained silent for more than 14 years has suddenly come back to life. Shortly after this dormant Bitcoin wallet was activated, it bought nearly 7,000 BTC worth around $470 million.
This massive move has raised an important question in the market, does this Bitcoin whale know something others don’t?
Satoshi Era Wallet Activated After 14 Years
According to blockchain analytics firm Arkham Intelligence, a Satoshi era wallet identified as “Satoshi Whale” with the address (bc1qq) received 7,068 BTC, worth nearly $470 million.
This sudden transfer triggered a strong BTC whale alert across the market. When a dormant Bitcoin wallet was activated after 14 years, it immediately drew the attention of traders and analysts.
Following this move, the Bitcoin Price rallied more than 4% and is currently trading around $69,413, showing how sensitive the market is to major whale transactions.
Bitcoin Whale Activity Shows Signs of Major Market Position Shifts
This level of Bitcoin whale activity suggests high conviction. Crypto analysts believe this could be a clear case of Bitcoin whale accumulation. Historically, similar accumulation phases by large holders have appeared near market bottoms.
However, on-chain data from CryptoQuant shows mixed signals. While Bitcoin trades near $68,813, the Spent Output Value Bands data shows that the 100–1K BTC group makes up 24.39% of spending, and the 1K–10K BTC whales account for 23.98%. This means big players are active.
If whale selling drops below 20%, stronger accumulation could begin. But if it stays above 25%, Bitcoin may remain stuck between $65,000 and $75,000 in the short term.
Eventually, in the last 96 hours Whales have distributed over 20,000 Bitcoin, roughly $1.40 billion.
Bitcoin Price Prediction
As of now, Bitcoin is trading around $70,260, reflecting a rise of 5% seen in the last 24 hours. Looking at the 3-day price chart, an early TD Sequential buy signal has appeared. According to the chart analyst, Ali Charts, the TD Sequential indicator is commonly used to identify trend exhaustion.
When a “9” count prints after a series of consecutive bearish candles, it suggests that selling pressure may be weakening.
Based on the historical behavior of this indicator, Bitcoin could see a recovery phase over the next 3 to 9 days.
If Bitcoin holds above the recent low near $64,000, bulls may attempt to push toward the $72,000 and $75,000 resistance zone.