A wallet dormant since 2011 just became active and deployed 8,145 $BTC worth roughly $715 million, in a single move.
That kind of capital doesn’t wake up for noise. Early Bitcoin holders have seen every cycle, every crash, every euphoric top. When wallets from that era move with size, it’s rarely impulsive it’s intentional.
This doesn’t automatically mean “the bottom is in.” But it does tell us something important:
Conviction is returning before consensus does.
Historically, smart money positions when uncertainty is highest, not when price feels safe again. By the time headlines turn bullish, these moves are already long done.
Markets don’t need everyone to believe. They only need enough size to shift the balance.
Watching how BTC reacts after flows like this matters far more than any short-term narrative.
Because accumulation always comes before validation never after.
#bitcoin #BTC #TrendingTopic $XRP $DOGE
