Technical analysis by MartyBoots about Symbol BTC: Sell recommendation (7/6/2025)

80,000 BTC Wallet Movement (2011 Miner)• Source: 8 wallets containing 10,000 BTC each — mined in 2011, dormant for 14 years• Total Value: Over $8.6 billion USD• Timing: Moved on July 4, 2025 — largest dormant BTC transfer in history• New Addresses: Funds moved to modern SegWit wallets• Probable Owner: Likely a single early miner with 200k+ BTC history Possible Reasons for the Move• Key Rotation: Upgrading to modern wallets for better security• Recovered Access: Private keys may have been recently recovered• Market Strategy: Positioning for profit-taking or major sell-off• Yield Farming: Preparing BTCUSD for use in DeFi/lending platforms• Collateral Use: Possibly for loans, stablecoin leverage, or RWAs• Estate Planning: Legal restructuring or generational wealth setup• OTC Transfer: Could be prepping for off-exchange institutional sale• Psychological Warfare: Could be intended to spook or manipulate the market• Regulatory Response: Aligning with new compliance or tax jurisdiction Market Reaction• BTCUSD Price Dip: Price briefly fell below $108,000 post-move• ETF Context: Movement occurred despite record ETF inflows Key Note: These wallets had not been touched since BTCUSD was worth ~$0.78. Their reactivation adds uncertainty and opportunity in a fragile macro environment.• What to do????: Watch the orderbook to find these large bitcoin moves in case of exchange sellingNear term support & resistance $106000 support$109500 first resistance👍 If this breakdown helped your trading, smash that Like and drop a comment below—let me know what you think will happen with the 80k BTCUSD . 👍Best Reguards MartyBoots, 17-year market traderAs you can see from my post yesterday price hit my resistance point PERFECTLY and rejected not once but TWICE Its a very powerful method of trading I have also posted todays levels if interestedBILLIONAIRE BITCOIN WHALE UPDATEYesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1- addresses to bc1q- addresses.There are no indications that this whale is selling Bitcoin.THE BULL MARKET CONTINUES