Bitcoin long-term holders experienced a $280M capitulation spike in early July as prices remained in a deep value zone below key cost bases for five months. Despite a $1B USDT injection, spot demand remained weak while ETF flows stayed negative and the market entered a high-leverage phase. By mid-July, a dormant whale moved 2,931 BTC worth approximately $188M after seven years of inactivity.
A long-dormant Bitcoin whale transferred 2,931 BTC worth $188 million, signaling a potential shift in long-term holder strategy and market liquidity.
Read the full storyBitcoin enters a high-leverage phase as $1 billion in USDT liquidity fails to revive stagnant spot demand, signaling potential structural weakness in the market.
Long-term holders offloaded $280M in Bitcoin as the asset remained below key institutional cost bases for five months, signaling a major capitulation phase.