Bitcoin dipped under the $ 109K mark on Friday and triggered a minor retreat on the market for broader digital assets. Traders looked closely when two large BTC wallets – material for several years – moved a combined 20,000 BTCAbout $ 2.18 billion, in a single session.
Flagship crowns still increase 85% over the past 12 months, but this sudden range in the range shook brief confidence.
Resting whales move billions of dollar efforts
Based on reports from Tracker on the chain LookonchainA wallet that unbuttoned 10,000 BTC for $ 7,805 back in April 2011 moved its entire holding within a few hours.
The original feature, which was purchased when Bitcoin acted at $ 0.78, is now worth over $ 1 billion. The moment later, a second address transferred another 10,000 BTC and took a total of 20,000 BTC shifted in one morning.
This corresponds to a jaw -loving 140,000 × returns on the small initial outlay. Analysts warn it may not be an individual behind both wallets, but the time took attention.
Another wallet of this bitcoin og also transferred 10,000 $ BTC ($ 1.09B) Right now after being dormant for 14+ years.
14 years ago, $ BTC was only $ 0.78-it is a mind-blowing 140,000x return! https://t.co/e2m8aunemchttps://t.co/g0yxqpi4mk pic.twitter.com/E1fgglya4u
– Lookonchain (@lookonchain) July 4, 2025
Political pressure comes when bitcoin hesitates
Legislators in the United States will take the center from July 14-18 for one “Crypto Week.” Three large bills will be reviewed in the Chamber: The Law on Clear Digital Assets, the Act against CBDC Surveillance Permit and the Senate Law Genius Act.
All three measures are aimed at establishing new rules for market structure, stablecoins and prevent a CBDC surveillance system.
House Financial Services chairman French Hill, agricultural chairman Glenn “GT” Thompson and President Mike Johnson say they plan to deliver these bills to US President Donald Trump’s desk.
The goal is to build a clear rule book for digital assets, although some are afraid that the debate may drive new volatility.
Key levels and feeling on the clock
Bitcoin gathered over $ 109,000 overnight before retiring to trade about $ 108,700 at Pres. The market is less than $ 3,000 away from its recent period of about $ 112,000.
Spot -bitcoin ETFs in the United States continue to charge at BTC, and some corporate funds continue to add their pile. Nevertheless, macroactors – increase levels, the banking sector’s concerns and global tension – keep some caution in the air.
Image from meta, charts from tradingview
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