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Bitcoin Hits $112,000: Whales Wake, Retail Vanishes – A Real Twist!

BBG News

Ah, Bitcoin! That wild, erratic creature that keeps taunting us with its highs and lows. This time, it soared past $112,000—yes, you heard it right—on Wednesday, breaking free from its seven-week-long slumber. Seven weeks of what? Silence. Nothing. A deep, frustrating stagnation. But, lo and behold, it’s alive again!

And, as if on cue, the ancient, slumbering Bitcoin coins—those fossils of the past, untouched for nearly a decade—are awakening from their crypt-like dormancy. Oh, the drama! Who can resist the siren call of profit?

Dormant Bitcoin Activity Rises

With CryptoQuant, our ever-watchful digital oracle, gazing into the Spent Output Age Bands, we see the movement of long-forgotten coins—coins that have been tucked away for seven to ten years. What does this mean? Well, historically, these movements coincide with great turning points in price, raising a deliciously ironic question: Could these ancient coins be moving just to cash out? A tale as old as time, my friends.

Bitcoin’s ability to cling to this lofty price is both a testament to its strength and a dark omen. For as these relics stir, uncertainty rises like a shadow. Could this rally be too much? Is it overheating? Time will tell, my dear friends.

Only last week, two wallets from the Satoshi era moved a staggering 20,000 BTC—worth $2.18 billion—after 14 years of absolute silence. Oh, the audacity! No one expected such a move. Was it an early miner cashing in? A ghost from the past? Perhaps an old wallet, forgotten in the depths of cyberspace. Regardless, Bitcoin’s price remained eerily stable.

Retail Quietly Exits

But here’s the real kicker. Amid this dramatic rise, something stood out like a sore thumb: the retail investors, once the lifeblood of this digital frenzy, are… well, gone. Silent. Vanished. Not a whisper. And do you know what Binance‘s very own Kushal Manupati, regional bigwig for South Asia, had to say about this?

“Bitcoin hitting an all-time high is a pivotal moment for the virtual digital assets industry. Institutions are showing confidence to enter the space at scale, driving both liquidity and credibility. Importantly, this rally is not purely retail-driven. It reflects the increasing role of crypto in diversified investment portfolios and a growing recognition of the value of Bitcoin.”

Indeed, retail is quietly retreating, as confirmed by Santiment’s latest update. The impatient masses, too skeptical, too hesitant, have exited the scene. It’s almost as if they saw the writing on the wall—this isn’t their rally. And we know how this story goes: when the retail crowd pulls away, the real action begins. The heavy hitters start making their moves.

And now, with Bitcoin comfortably perched above its previous peak, all eyes turn to one question: Will retail investors come crawling back, eager to taste the FOMO? Will they once again flood the market, bringing with them that sweet, sweet chaos? Only time will reveal the answer to this cryptic riddle.

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2025-07-10 11:44

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