🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin (BTC) serious warning: 8 years of silence Whale awakens with "unusual" motives, large-scale selling may reverse the upward trend.
Behind the record highs of Bitcoin (BTC), there are concerns about low liquidity. Experts remind that earlier in July, 80,000 Bitcoins that had been dormant for over a decade were suddenly transferred, which is not a small amount, as it exceeds 0.5% of the total Bitcoin supply. Analyst Edo Farina believes this could be a serious warning sign for the future trend of Bitcoin.
With the help of another blockchain expert, Edo shared this finding in a recent video. He delved deeply into on-chain data. They discovered some strange things: These old Bitcoins were transferred to dozens of wallets and used complex trading patterns to hide their tracks. This doesn't seem like an ordinary "whale" moving funds. It appears to be planned, cautious, and very difficult to trace.
(Source: Youtube)
These Bitcoins were born in the early stages of mining, around 2010 and 2011. Many even believe that these Bitcoins may be the currency of the "Satoshi era"—mined when Bitcoin was still in its niche experimental phase. Even more unusually, these coins did not enter exchanges. No sales, no cash-outs, only circulation, a silence.
Edo warned that this silence could be the calm before the storm. If the person controlling these 80,000 BTC decides to sell off at once, the market could crash—even falling below $10,000. Given the current lack of liquidity, such a sell-off could cause real losses.
At the end of the analysis, Edo proposed a bold idea: if Bitcoin really crashes, it may ultimately open the door for XRP to take a leading position in the cryptocurrency space. After all, XRP is a utility-focused coin with real-world use cases such as cross-border payments. If investors lose confidence in Bitcoin as a store of value, will they turn to more practical coins like XRP?
This idea is quite interesting, but to be honest, the phenomenon of XRP trading against Bitcoin may not happen in the short term.
Bitcoin still dominates the market. Its recognition, popularity, and infrastructure far surpass that of XRP. Although XRP has recently achieved some significant victories, especially in court, it still has a long way to go to challenge Bitcoin's leading position.
Eido's theory is less of a prediction and more of a warning: Bitcoin is not as decentralized or secure as people imagine. A small number of wallets still control a large portion of the Bitcoin supply. If they take action, the entire market could be shaken.
Therefore, XRP will not overthrow Bitcoin overnight. However, the strange trend of this old coin reminds the market that there are still many unknowns in cryptocurrency - the power of a few "whales" may be greater than people realize.