{"id":860311,"date":"2025-07-05T19:11:43","date_gmt":"2025-07-06T00:11:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/05\/can-bitcoin-bulls-withstand-the-re-awakening-of-satoshi-era-whales\/"},"modified":"2025-07-05T19:11:43","modified_gmt":"2025-07-06T00:11:43","slug":"can-bitcoin-bulls-withstand-the-re-awakening-of-satoshi-era-whales","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/05\/can-bitcoin-bulls-withstand-the-re-awakening-of-satoshi-era-whales\/","title":{"rendered":"Can Bitcoin Bulls Withstand the Re-awakening of Satoshi-era Whales?\u00a0"},"content":{"rendered":"
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\"Why<\/figure>\n<\/div>\n
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Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past 24-hours. The flagship coin attempted a rally towards retesting its all-time high on Thursday, but the gains were obliterated on Friday.<\/p>\n

According to crypto data provided by Coingecko and TradingView, BTC price dropped 2.2 percent in the past 24 hours to trade at about $107,477 on Friday, July 4 during the mid-North American trading session.\u00a0<\/p>\n

Why Bitcoin Price Dropped Today<\/h2>\n

Bitcoin price experienced choppy volatility on Friday majorly caused by the re-awakening of the Satoshi-era whales. According to on-chain data analysis, Satoshi-era whales moved more than $8 billion in BTC in the past 24 hours.<\/p>\n

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Largest one-day move of 10-year-old Bitcoin ever.<\/p>\n

50,000 BTC shifted today, topping the previous daily high of 3.7K BTC for this age band.<\/p>\n

Some coins trace back to early miner block rewards. pic.twitter.com\/O8vgBTCe9n<\/a><\/p>\n<\/div>\n

\u2014 CryptoQuant.com (@cryptoquant_com) July 4, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

The re-awakening of the old whales amid low demand, as Coinpedia reported<\/a>, spelled bearish sentiment. Meanwhile, BTC price has suffered midterm bearish sentiment fueled by low speculative interest.<\/p>\n

\u201cThe momentum of exchange volume has declined since early June, with the monthly average falling to $5.9B, about 7 percent above the yearly average of $5.5 billion,\u201d Glassnode noted<\/a>.\u00a0<\/p>\n

Midterm Expectations for BTC Price<\/h2>\n

In the weekly timeframe, BTC price has been retesting the resistance level around $109,396 since December 2024. Although the weekly Relative Strength Index (RSI) <\/a>has been forming a bearish divergence, the odds of a bullish breakout cannot be overlooked.\u00a0<\/p>\n

Furthermore, BTC price<\/a> could be forming a cup and handle pattern in the weekly timeframe, thus a breakout towards a new all-time high on the horizon.<\/p>\n

\"BTC<\/figure>\n

In the daily timeframe, BTC price has been forming a falling trend, characterized by lower lows and lower highs. With the daily MACD<\/a> indicator signaling declining bullish momentum, a potential retrace towards the lower border of the falling trend, below $101k seems likely.<\/p>\n<\/div>\n

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\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past 24-hours. The flagship coin attempted a rally towards retesting its all-time high on Thursday, but the gains were obliterated on Friday. According to crypto data provided by Coingecko and TradingView, BTC price dropped 2.2 percent in the past 24 hours<\/p>\n","protected":false},"author":1,"featured_media":860312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,25369],"tags":[],"class_list":{"0":"post-860311","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-bulls"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=860311"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/860312"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=860311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=860311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=860311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}