The whale that slept for 14 years has woken up, but... Bitcoin breaks through $109,000 again [Decenter Market Status]

Bitcoin (BTC) has recovered to the $109,000 range. A total of 80,000 BTC moved from 8 whale wallets that had been dormant for 14 years, but no selling signs were detected.

According to CoinMarketCap, a global virtual asset market tracking site, as of 8 AM on the 7th, BTC recorded $109,258.48, up 0.95% from the previous day. At the same time, the altcoin leader Ethereum (ETH) is trading at $2,582.31, up 2.49%, XRP is up 2.64% at $2.275, and Solana (SOL) is up 3.24% at $152.56.



The domestic market shows a similar pattern. At the same time, BTC on Bithumb is up 0.24% from the previous day at 148,659,000 won. ETH rose 0.83% to 3,514,000 won, XRP increased 0.06% to 3,094 won, and SOL gained 0.48% to 207,400 won.

The market is paying attention to the large-scale whale transfer that occurred on the 4th. On-chain data analysis company Arkam explained on its X (formerly Twitter) account that "movements occurred from 8 wallets each holding 10,000 BTC, and this could be an upgrade from legacy wallets to SegWit addresses." They also added that "no signs of selling were discovered." SegWit addresses are characterized by higher security and lower transaction fees compared to the existing Bitcoin address system.

These BTC were deposited in April-May 2011 and had not moved even once, with a total value of approximately $8.6 billion (about 11.7519 trillion won).

The industry suggests that this transfer might not be a simple movement but a potential asset reallocation in response to ETF demand. Blockchain research firm 10x Research stated on X, "This transfer does not necessarily mean selling" and "Early holders are gradually moving some of their holdings to meet ETF or corporate financial needs."

BTC investor 'PlanB' has also previously disclosed changes in his investment approach this year. In February, he said, "I converted all my held BTC to spot ETF" and "I feel much more at ease not managing personal wallets directly."

However, concerns about potential hacking cannot be ruled out. Connor Grogan, Head of Product at Coinbase, said, "There is a slight possibility that this transfer could be a hack" and "If true, it could be the largest theft in human history."

The virtual asset market sentiment remains in the greed stage. Alternative.me's Crypto Fear & Greed Index dropped 1 point from the previous day to 66 points, indicating a 'greed' state. The lower the index is towards 0, the more constrained the investment sentiment, while closer to 100 indicates market overheating.

Reporter Do Ye-ri