Bitcoin: Old coins worth $421 million were transferred and miners sold out. What should we do next?
Source: CoinWorld
Time: 2025-09-15 12:10:00
In July 2025, more than US$421 million of Bitcoin, which had been dormant for a long time, moved, driving the "daily currency destruction volume" up and pushing SOPR to 1.17, indicating that the market has seen profit-taking rather than panic selling. Despite the two waves of miner selling in ViaBTC and F2Pool between June and August, BTC's bullish structure remains strong, miner inflows are currently declining and signs of increased holdings are showing. Bitcoin faces key resistance at $117,000, a level in which the market has historically hesitated at that level; a breakthrough of $118,000 will herald the potential for further upside.