Bitcoin fell below the $109,000 mark on Friday, causing a minor retreat in the broader digital asset market. Traders had two big BTC wallets in one session (two big BTC wallets that were dormal for years, running a total of 20,000 BTC, about $2.18 billion).
The flagship code has still risen 85% over the past 12 months, but this sudden change in supply has temporarily shaken confidence.
Dormant Whale Moves a Billion Dollar Bet
Based on a report from on-chain tracker LookonChain, one wallet that snapped 10,000 BTC to 10,000 BTC for $7,805 in April 2011 moved the whole thing within hours.
The original haul purchased when Bitcoin was traded for $0.78 is now worth over $1 billion. After a while, the second address transferred another 10,000 BTC, shifting a total of 20,000 BTC to one morning.
This is equivalent to dripping your jaw 140,000 times the small initial spend. Analysts may not be the individual behind both wallets, but the timing has attracted attention.
Another wallet from this Bitcoin OG has also transferred 10,000 $ BTC ($109 million) After 14 years dormant, now.
14 years ago $ BTC It was only $0.78 – that’s an amazing 140,000x return! https://t.co/e2m8aunemchttps://t.co/g0yxqpi4mk pic.twitter.com/e1fgglya4u
– lookonchain (@lookonchain) July 4, 2025
Bitcoin hesitates, political push arises
US lawmakers are scheduled to take the central stage for “Crypto Week” from July 14th to 18th. Three major bills will be put into effect during review in the House of Representatives. The clear act of digital asset markets, anti-CBDC surveillance national law, and the Senate genius law.
All three measures aim to set new rules for market structure, stablecoins and prevent retail CBDC surveillance systems.
House Financial Services Chair French Hill, Agriculture Chair Glen “GT” Thompson and speaker Mike Johnson say they plan to deliver these bills to the desk of US President Donald Trump.
The goal is to build a clear rulebook for digital assets, but some fear that the discussion will encourage fresh volatility.
Important levels of surveillance and emotions
Bitcoin was collected past $109k per night before returning to trading around $108,700 at press. The market is around $112,000 to less than $3,000, all recent highs.
The US Spot-Bitcoin ETF continues to be loaded into BTC, and some Corporate Treasury departments continue to be added to the stack. However, macro factors (the banking sector concerns and pay raises globally) have been paying a little attention in the air.
Meta featured images, TradingView chart
