Bitcoin price dips as 14-year-old coins move, sparking rumors of potential sale - negative.

Bitcoin price dipped nearly 2% as 14-year-old coins stirred up the market, with rumors connecting the wallets to Satoshi Nakamoto. Longs suffered as shorts surged past $110,000, causing BTC to slide below $108,000. Transactions involving 80,000 BTC after 14 years raised concerns of a potential sale, sparking nervousness in the market.

The transfers of the old coins continued, fueling speculation on social media, including theories linking the transactions to Satoshi Nakamoto. Market makers observed an increase in “toxic” order flow, hinting at potential retracement and liquidation of high leverage shorts. BTC/USD ate through long liquidity levels as resistance above $110,000 grew.

Popular trader Rekt Capital warned of a risk to the bullish trend as BTC/USD threatened to undo a key trendline since the all-time highs of $112,000. Market participants had emphasized the importance of holding $108,000 going forward. The upcoming Daily Close would be crucial in determining the future direction of Bitcoin’s price.

Read more at Cointelegraph: Bitcoin bulls battle selling pressure as OG coins suddenly move onchain.