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Trillion Yen Worth of Bitcoin Moves, Structural Selling Pressure May Be Limited, Says Bitcoin Vector Analysis

2025/07/06 23:22 (Updated 2025/07/07 11:01)
CoinPost
Written by L.Kikutani
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Trillion Yen Worth of Bitcoin Moves, Structural Selling Pressure May Be Limited, Says Bitcoin Vector Analysis

Possibility of OTC Transactions

Several blockchain analytics firms reported on July 5th that a total of $8.6 billion worth of bitcoins (BTC), equivalent to approximately 1.2 trillion yen, which had been dormant for over 14 years, were transferred from eight unidentified addresses. The total amount of cryptocurrency moved reached 80,000 BTC.

In response to this significant capital movement, Bitcoin Vector released an analysis report on the same day. It noted that over 80,000 BTC were moved from multiple wallets within 24 hours, likely managed by a single entity.

Market concerns about potential sales led to a drop in Bitcoin prices from $110,000 to $107,500. However...

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Iolite Vol.14

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July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.