A Bitcoin whale has emerged after 14 years, transferring 40,000 BTC from pre-2011 wallets, now valued at over $2.1 billion.
The whale's activity has caused a spike in on-chain metrics for long-term holders, raising concerns about potential market shifts.
Bitcoin's price remains near $110K as traders anticipate a breakout or correction, with significant resistance levels hindering upward momentum.
Approximately 80,000 BTC in dormant wallets are being closely monitored amid market uncertainty, with attention on potential movements affecting BTC's direction.