According to @lookonchain, two dormant Bitcoin (BTC) wallets from 2011 have transferred 20,000 BTC, worth over $2 billion, to new addresses. While this massive movement from 14-year-old wallets could signal intent to sell, the funds were moved to non-exchange addresses, suggesting it may not be for immediate profit-taking. For traders, this on-chain activity warrants monitoring for potential market volatility. In the altcoin market, Shiba Inu (SHIB) whales capitalized on a price dip to a 16-month low, purchasing 10.4 trillion SHIB tokens worth over $110 million, the largest daily accumulation in five months. This buying pressure contributed to a 17% price bounce. SHIB's price is now forming a descending triangle pattern; a breakout above the trendline could signal a continued rally toward the $0.00001230 resistance, while a breakdown could indicate a bearish reversal.

According to @lookonchain, eight Bitcoin (BTC) wallets that had been dormant since 2011 have moved a total of 80,000 BTC, valued at over $8.5 billion. These massive transfers have prompted significant market analysis, especially as the coins were acquired when BTC was priced around 78 cents. A key detail flagged by Coinbase director Conor Grogan is a preceding transaction of over 10,000 Bitcoin Cash (BCH), worth nearly $5 million, from a wallet tied to the BTC cluster. Grogan suggests this BCH move may have been a covert test to verify access to the legacy private keys without triggering major BTC whale alerts. The theory is supported by the fact that only one associated BCH wallet was used, implying the actor might have limited access. While the BTC has been moved to new SegWit addresses and not yet to exchanges, the event raises questions about potential sell pressure and the security of old P2PK addresses against threats like private key leaks or quantum computing attacks.

According to Lookonchain, a previously dormant wallet transferred 300 BTC valued at $31.1 million to a new address after 11 years of inactivity. This wallet originally received 300 BTC worth $134,000 in 2013 when Bitcoin traded at $447. The significant movement of such a large, long-term holding may signal upcoming market volatility or liquidation pressure on BTC trading pairs, as large whale transactions can precede short-term price fluctuations. Traders should closely monitor on-chain activity and exchange inflows for potential impact on Bitcoin's price momentum (Source: Lookonchain via Twitter, intel.arkm.com).