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ZyCrypto 2025-07-08 13:24:27

The Ghost Wallet: $1 Billion Bitcoin Hoard Untouched Since 2011 Signals a Surprising BTC Price Movement

A Bitcoin wallet untouched for 14 years just came back to life , and it’s not going unnoticed. On July 3, 2025, blockchain analytics firm Spot on Chain flagged the transfer of 10,000 BTC—worth approximately $1.09 billion. The event immediately triggered discussions across crypto markets, drawing attention not just for the size of the transfer but for the age of the coins involved. The Bitcoin address was originally created in the network’s first year. Back then, BTC was worth less than $0.30 and could be mined using a basic CPU. The wallet received 10,000 BTC in 2011. Source: Spot on Chain According to Arkham, the coins were transferred in full to a newly created wallet in a single transaction. The receiving address has not moved the funds further. The shift from $108,800 to $108,120 today reflects a volatile crypto landscape broader than isolated whale transactions. The transaction does not appear to be exchange-related. Arkham’s team confirmed that the funds were not routed through any centralized platforms or mixing services. The fact that the coins were not split or partially moved adds to the intrigue. Glassnode data shows that long-term dormant coin movements often correlate with volatility. Although not all such movements lead to selling pressure, they tend to raise market alert levels. Open interest in Bitcoin futures dipped following the event. CoinGlass reported a 2.66% drop in open interest to $73.17 billion by July 4. Despite the large transfer, there is no evidence that the BTC was sold. The destination wallet remains inactive, and no exchange inflows have been registered. Bitcoin Market Outlook Bitcoin’s current market dynamics reflect several key forces likely to influence its price movement. Since April 2025, Bitcoin ETFs have attracted nearly $14 billion in net inflows—roughly $4 billion more than historical price patterns would suggest. This indicates a growing trend toward long-term holding rather than short-term trading. According to Matrixport, the market is facing reduced capital efficiency. Inflows for 2025 are projected to fall short of the $37 billion peak reached in 2024, with an estimated annualized rate of $29 billion. This implies that maintaining upward price momentum now requires greater capital input, with each dollar invested needing to generate a 2.0x to 2.6x effect on Bitcoin’s market cap. Wall Street’s involvement is also expanding, with over $100 billion in crypto-related IPOs anticipated. Circle’s recent public debut exceeded valuation forecasts, highlighting institutional interest driven by operational scalability and tech-driven growth. Seasonal trends support a bullish outlook for July. Historically, Bitcoin has closed higher in 7 of the last 10 Julys, with an average return of 9.1%. However, activity tends to slow in August and September, months often marked by weaker performance and broader economic uncertainty.

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