Satoshi-Era Whale Drops $2.44B on **Bitcoin** Amid Nine-Week Correction

Bitcoin continues trading below critical support levels as a legendary whale executes one of the largest single purchases in crypto history. The move comes as technical indicators flash warning signs across multiple timeframes.

A wallet dormant since 2012 has returned with staggering force. According to DeFiTracer on X, a Satoshi-era whale deployed $2.44 billion into Bitcoin through a single transaction. The wallet has generated over $1 billion in profit since its inception more than a decade ago.

BREAKING: SATOSHI-ERA WHALE JUST BOUGHT $2.44 BILLION WORTH OF $BTC IN A SINGLE TRANSACTION. THIS WALLET HAS GENERATED OVER $1B PROFIT ON BITCOIN SINCE 2012

The timing raises questions. Bitcoin has now spent nine consecutive weeks trading beneath its 50-week simple moving average. AliCharts reported on X that this extended period below the 50W SMA increases the probability of a sharp correction, mirroring patterns observed in previous cycles.

Bitcoin Trapped Between $88K and $95K Zones

Price action remains constrained within defined liquidity bands. TedPillows identified on X two critical clusters dictating near-term movement.

The lower boundary sits around $88,000 to $88,500, coinciding with an unfilled CME gap. The upper resistance stretches between $92,000 and $95,000, representing a crucial zone that has repeatedly rejected rallies.

You might also like: Bitcoin TD Sequential Flashes Buy Signal at $88K

$BTC has been stuck between 2 liquidity clusters right now. The lower one is around the $88,000-$88,500 level, which also has a CME gap. The upper one is between the $92,000 and $95,000 level, which is a crucial resistance zone. IMO, both these liquidity clusters could be taken out next week.

Both zones could see sweeps in the coming week as traders position for volatility. The dual-cluster setup creates a narrow trading range that typically precedes explosive moves in either direction.

Must read: Bitcoin Faces $87K Make-or-Break as $133B Ruling Looms

Gold Rotation Could Push Bitcoin Past $240K

While technicals suggest caution, fundamental rotation narratives paint a different picture. CryptosR_Us highlighted on X research from Bitwise showing minimal capital flows from gold could dramatically impact Bitcoin valuation.

THIS IS HOW LITTLE IT TAKES. According to Bitwise, Bitcoin doesn't need a mass exodus from gold to move dramatically. Just 1% of gold's market cap rotating into $BTC pushes fair value toward ~$134K. At 2 to 3%, you're talking $160K to $190K. At 5%, #Bitcoin starts looking like $240K+.

With gold commanding a $15 trillion market capitalization, even marginal reallocation carries substantial weight. A mere 1% shift equates to $150 billion in potential inflows, theoretically driving Bitcoin toward $134,000. At 5% rotation, the asset approaches $240,000 territory.

The fixed supply dynamic amplifies any demand shock. Unlike gold, which sees continuous mining output, Bitcoin's capped 21 million supply creates asymmetric upside when capital seeks alternatives to traditional stores of value.

Related: Bitcoin's Hidden $100K Trigger Revealed: One Level Changes Everything

The contrast between short-term technical weakness and long-term structural narratives creates divergent scenarios. Nine weeks below the 50W SMA historically precedes corrections, yet institutional accumulation continues unabated. Whether the Satoshi-era whale's $2.44 billion bet signals a bottom or precedes further downside remains the central question facing traders entering next week.

Further reading: Did Morgan Stanley Engineer Bitcoin's $900B Crash?

3 Key Takeaways:

1. Satoshi-era whale deploys $2.44B into Bitcoin through single transaction with $1B+ historical profit track record
2. Bitcoin trades nine consecutive weeks below 50W SMA with price trapped between $88K-$95K liquidity clusters
3. Bitwise analysis shows 5% gold market rotation could theoretically push Bitcoin valuation beyond $240K target