Ancient whale wakes up, institutional confidence collapses, $9 billion action triggers a quiet market change

Bitcoin price once exceeded $115,700, driven by strong derivatives trading activity and on-chain data showing long-term holders controlling 76% of the supply. Retail investors' participation is rising, with more than 3.4 million addresses holding 0.1 to 1 Bitcoin, and large investors have also contributed to market stability. A "whale" who has been silent for many years has transferred 80,000 bitcoins through over-the-counter transactions, avoiding market chaos. The improvement of derivative infrastructure and clear regulation are attracting the interest of institutional investors, which strengthens the positioning of Bitcoin as a means of value storage despite macroeconomic risks.