
Daan Crypto Trades|Jul 31, 2025 16:06
I think there's two main reasons for many of these 10+ year old dormant BTC whale addresses waking up recently:
1. Price is at all time highs and above the big 100K. We do generally see more long term holders sell when price hits price discovery. Nothing new there.
2. I think many of these people told themselves that they'd start taking profit when governments and institutions were entering. That's the case now.
These are the only players able to offer them the exit liquidity they need.
In the end, people sell when they want to sell. The fact these guys have held this long is impressive on its own. These people likely hold a lot of coins on different wallets. So if one wallet wakes up, it doesn't mean that same person owns a lot more which they plan to hold.
We'll never really know but the fact that there's profit taking after a 7x+ rally in 2.5 years and with all the liquidity able to absorb it, makes perfect sense.(Daan Crypto Trades)
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