Is Bitcoin Jesus back? $8.6 billion whale transfer fuels new theories!

• Sleeping whale moved 80,000 BTC worth $ 8.6 billion, caused speculation and curiosity of the market
• Bitcoin remained over $ 100,000 despite whale activity – a sign of strong institutional demand and durability

Long-speaking Bitcoin [BTC] Whale reappeared after 14 years and transferred a stunning 80,000 BTC worth approximately $ 8.6 billion, on July 5th.

Bitcoin Whale Movement Sparks Debate

The massive movements, first seen by Blockchain Arkham analysts, included several batch of 10,000 BTC and ended within a few hours, raised questions and curiosity throughout the market. At the time of writing, however, it seemed that there were no grades, that the whale intended to sell its stash.

In fact, the chain data proposed The activity could be part of an address upgrade, switch from older bitcoin addresses “1-” to newer “BC1Q-” formats.

Interestingly, these coins were originally mined in 2011 and obtained through Coinbase transactions, a mechanism of reward provided to miners for verifying new blocks.

While the mere transmission size caused speculation, the methodological nature of movement pointed to technical rather than a focused motif.

How did the price of bitcoins react?

The day before the massive whale transmission, Bitcoin traded comfortably in the bull territories. However, it seemed that the unexpected movement of 80,000 BTC shook a little with the confidence of investors and inserted the crypto into the bear zone around $ 107,000.

At the time of writing, Bitcoin continued to float to this extent.

Despite this temporary move, however, technical indicators, such as RSI and MacD, remain above neutral – a sign that bull momentum still prevails over the bear pressure on graphs.

Data on the chain from the graph on the bitcoin output zone determined output output output output value revealed a remarkable shift in activity from long -term holders.

Especially those who have held BTC for more than a year and who have finally made profits after Bitcoin exceeded $ 100,000 in 2025.

This led to one of the greatest redistribution of wealth in the history of Bitcoins. Especially at a time when the adoptors soon paid off, while new institutional players absorbed the offer.

Despite the sales pressure, the resistance of bitcoins above $ 100,000 is a sign of increasing institutional demand and mentions a healthy market phase.

Who could be behind it?

While the motifs for recent Bitcoin transfer of $ 8.6 billion remains uncertain, speculation continues whirl around the identity of the whale.

Research company Blockchain 10x Research proposed That, although there is no direct evidence that the funds will move to sale, permanent BTC holders can strategically distribute their shares to satisfy the growing demand from ETF and business treasures.

The trail trail has led many people to speculate that the wallet can belong to Roger Ver, dubbed “Bitcoin Jesus” greatly. After entering the space at the beginning of 2011, he became one of the oldest Evangelists of Bitcoins.

In particular, the coins concerned remained intact since May 2011, only months after the ver reported involvement in the crypto space.

It is worth noting that Ver was recently released on a bail from the Spanish prison in early June, shortly before detected the massive activity of the wallet.

Another possible answer

The other theory seemed to point to the elusive early miner Artforzwho once commanded up to 25% of the total Hasat of Bitcoins in 2010 and reportedly mined over 400,000 BTC using GPU technology.

The fact that these 80,000 coins came from GPU mining rewards this alternative theory.

Whether it is bound to Ver, Artforz or other early adopter, this movement means a rare and fascinating view of digital safes of the oldest bitcoins participants.