Bitcoin slipped to $108,035 following the unexpected movement of over 80,000 BTC, which had been inactive since 2011. The coins, acquired initially when BTC traded below $1, were transferred on July 4 in two significant transactions, raising fears of a potential dump amid near-record prices.
This was the largest shift of dormant Bitcoin in over a decade.
While no direct transfer to centralised exchanges was detected, a typical sell signal was issued; however, the scale of the move caused a ripple across the market. Traders feared that such a massive stash entering circulation could spark a correction.
In response, long positions were unwound, shorts piled in around the $110,000 resistance level, and price slipped nearly 2% within hours.
BTC price drop: $110,000 → $107,600
24h trading volume: Over $41.3 billion
Dormant BTC moved: 80,000 BTC (~$8.6 billion)
Price as of writing: $108,035
Despite the initial shock, the fact that the BTC was not sent to exchanges suggests internal wallet reorganisation rather than a coordinated sell-off.
However, the event highlighted the sensitivity of sentiment, particularly when Bitcoin hovers near key psychological and technical resistance zones.
Long-Term Outlook Buoyed by Liquidity Forecasts
While short-term sentiment faltered, longer-term bulls found encouragement in macro commentary from Sui Group Chief Economist Hong Hao. Speaking to Phoenix Finance, Hong projected that Bitcoin could hit fresh all-time highs by late 2025, driven by strong global liquidity and dovish monetary policies.
Hong emphasised that Bitcoin remains highly responsive to changes in liquidity, and with central banks likely to loosen financial conditions into 2025, risk assets like BTC stand to benefit. He also pointed to improving sentiment in U.S. equities, suggesting broader risk-on appetite could return.
For now, analysts say this dual narrative—short-term caution vs. long-term optimism—will likely keep BTC consolidating as markets digest the implications of dormant coin activity.
Bitcoin Technical Analysis: Bounce or Breakdown?
Technically, Bitcoin is clinging to support at $108,035 after failing to break above $110,413. Price action on the 2-hour chart shows consolidation above a key ascending trendline and just below the 50-period EMA ($108,250). A bearish divergence in the MACD histogram hints at weakening upside momentum.
Bitcoin Price Chart – Source: Tradingview
Unless BTC breaks below $107,325, the structure remains intact. A bounce from the current zone could reignite trade momentum.
Trade Setup :
Entry Zone: $107,800–$108,100 (watch for bullish engulfing)
Upside Targets: $109,307 and $110,413
Stop-Loss: Below $107,200 to reduce risk
MACD Signal: Bearish crossover; wait for confirmation
For a Bitcoin price prediction, the next 48 hours will be crucial, as a break below the trendline support would invalidate the uptrend. However, if the $108K level holds, this remains a classic “buy-the-dip” scenario in a structurally bullish setup.
Bitcoin Hyper Presale Surges Past $1.92M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.90 million in its public presale, with $1,927,122 raised out of a $2,373,526 target. The token is priced at $0.012125, with the next price tier expected within hours.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
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