#数字资产市场动态 A Bitcoin address that has been dormant for a full 12 years suddenly becomes active, transferring BTC worth $84 million. This major move has sparked market discussions—Is this old whale planning to continue accumulating, or is it brewing a large-scale reduction?

From on-chain data, the awakening of such long-inactive addresses often signals the arrival of a market node. Holders are either accumulating or distributing, with the key being the subsequent transfer trajectory. Currently, with rising trade tensions and macro risk assets under pressure, both bullish and bearish arguments are plausible.

At this point, it depends on how you interpret the signals—do you see large transfers as whales continuing to buy in, or as a sign of reducing positions? The market is always seeking balance amid the tug-of-war between these two extremes. The next move of $BTC may well be determined by the choices of these silent players.