Bitcoin is currently integrated between $115,000 and a record high of $123,000, forming a tough range that keeps both bulls and bears at the edge. Despite the recent surge, price action has slowed, and bulls are holding strong beyond important levels, while market participants are being cautious about possible corrections.
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In addition to uncertainty, there is the resurrection of Satosieroela. Top analyst DarkFost is tracking this long dormant wallet that has recently transferred 80,000 BTC to Galaxy Digital, a leading player in digital assets and AI infrastructure. The move promptly sparked speculation across the crypto space, as such large transfers are often associated with future sales.
The timing of this transfer is very important. It coincides with the argument of an increase in exchange inflow and an increase in institutional benefits. The market is already in a sensitive position, so the possibility of selling a portion of this massive BTC stack is amenable to analysts and investors for the increased volatility.
Whale sales start: 1,500 BTC sent to Binance
DarkFost confirmed that Galaxy Digital has just moved 1,500 BTC to its Binance deposit address. These coins were previously part of 80,000 huge BTC linked to Satoshii Elves whales, which recently revitalized their wallets. The latest transfer suggests that some of this historic stash are officially on sale.
At current prices, the market value of 1,500 BTC is approximately $180 million. More importantly, it is one of the fastest and most important off-roads ever recorded from one wallet, with a total of 80k BTC valued at around $9.54 billion. They’ve only moved a small portion of the exchange so far, but this sale could show greater intentions.
Some view this transfer as a potential warning sign, especially given the current consolidation going above $115,000. In their view, such a mass of activity from long-term holders could either make more profitable or precede a wider revision. But others see it as a smart and timely move from investors who have been detained since Bitcoin’s earliest days and are finally aware of some benefits.
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BTC prices retain a tight range after ATH
Bitcoin is currently trading at $118,000 and consolidates within the tough range of $115,730 to $123,230, as shown on the 12-hour chart. This comes after a powerful breakout that pushed BTC to a new all-time high of $123,230 earlier this month. Since then, price action has shown signs of cooling without a big pullback, suggesting that the bull is under control, but the short-term momentum has slowed down.
The chart shows healthy structures, with BTC well above the simple 50, 100 and 200-day moving average, currently at $111,819, $108,563 and $102,963. This confirms strong trend support from long-term holders and momentum investors.
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The volume increases during the move, indicating the conviction behind the breakout, but the last few candles show a lower follow-through volume, consistent with the consolidation stage. If BTC is above $115,730, the structure will remain bullish, leading to another breakout of $130,000 or more. However, breaks below this level can open the door for a deeper retracement, with zones between $112,000 and $111,000 serving as the main moving average support.
Dall-E special images, TradingView chart
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