After reaching a record high of $ 123,200, Bitcoin now consolidates around the level of $ 118,000. Market participants remain alert because top analyst Darkfost reported an important development with one of the oldest and most closely viewed portfolios in the crypto history. According to the analyst, the remaining 40,000 BTC-valued are always in the hands of the 80k Satoshi era Walvis at around $ 4.75 billion.
The shift started last night and signaled renewed activity of the early Bitcoin holder. Until now, only half of the possession of the whale had been moved, while the rest stayed asleep. This latest transfer marks the full mobilization of the entire 80,000 BTC that is once controlled by the entity. Although the motive behind the move remains unknown, the market is closely monitoring for signs of potential sales or redistribution.
The ability of Bitcoin to keep above the most important support levels, despite this high-stakes movement, can reflect a strong demand and the trust of investors. With now $ 4.75 billion in motion, traders are bracing themselves for possible volatility. The market is waiting to see if this event will cause broader implications – whether it is just a strategic recasting of one of the earliest whales of the ecosystem.
Satosh era BTC consolidates in one address
Darkfost emphasized a large on-chain development That caught the attention of the market: each of the four portfolios, which previously had 10,000 BTC of the 80K whale, sent their money to a single destination address BC1QS4NZM0JE7WQFYFMR4HT4UPYYYYYNF4AU0. This address now contains the full stock of $ 4.75 billion and raises new questions about the intention behind the move.
According to Darkfost, the pattern must differ from previous sale precedents, the market must remain alert. “I think this BTC may also be on the market soon,” he said. This kind of movement, especially from slumbering, high-quality portfolios signals large-scale positioning, that can precede institutional sales or long-term strategic storage.
The timing coincides with an increasing bullish momentum over the cryptomarket. With Bitcoin who consolidates high above $ 118,000 after the $ 123,200 of all time, traders look at a potential outbreak. By adding fuel to these prospects, all three the most important crypto-related accounts were adopted by the American house this week, which removed considerably regulatory uncertainty and cleaning up a path for wider adoption.
Bitcoin weekly graph indicates a new momentum
The weekly graph shows Bitcoin that is strong above $ 118,000 after an increase in a record high of $ 123,200. This outbreak follows a long -term consolidation just below the $ 110,000 resistance, which acted as a ceiling for a few months. Now support was become support, the $ 109,300 and $ 103,600 zones are critical levels of demand, which provide a solid foundation for continuation if Bulls retains control.
The structure of the recent weekly candles reflects Bullish Dominance, characterized by strong bodies and relatively small upper lankers. This suggests that controlled profit and growing trust from buyers. In the meantime, the volume is picking up, so that participation in the outbreak is confirmed and points to the possibility of persistent speed in the coming weeks.
All important advanced averages-50 weeks ($ 88,214), 100 weeks ($ 69,139) and 200 weeks ($ 50.254)-are up and remain far below the current price levels, which strengthens a long-term bullish trend. Since Bitcoin consolidates above the former resistance, this zone can now serve as a launch platform for a movement to the next psychological target at $ 130,000.
Featured image of Dall-E, graph of TradingView